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The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
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Answer:
Width=28 1/3 Length=51 2/3
Step-by-step explanation:
1. Create an equation
x+(2x-5)=80
2. Solve
x+(2x-5)=80
3x-5=80
3x-5+5=80+5
3x/3=85/3
x=28 1/3
So, if x=28 1/3
85/3x2=170/3
56 2/3-5
So, Length=51 2/3
