How much would $500 invested at 7% interest compounded annually be worth after 4 years? Round your answer to the nearest cent. A
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Composite figure is made up of 4 triangles and a square.
Area of Square = Length x Length
Area of Square = 12 x 12
Area of Square= 144 cm²
Area of triangle = 1/2 x base x height
Area of triangle = 1/2 x 12 x 8
Area of triangle = 48 cm²
Area of 4 Triangles = 48 x 4
Area of 4 Triangles = 192 cm²
Total Area = 144 + 192 = 336 cm²
Area of Square = Length x Length
Area of Square = 12 x 12
Area of Square= 144 cm²
Area of triangle = 1/2 x base x height
Area of triangle = 1/2 x 12 x 8
Area of triangle = 48 cm²
Area of 4 Triangles = 48 x 4
Area of 4 Triangles = 192 cm²
Total Area = 144 + 192 = 336 cm²