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zepelin [54]
3 years ago
8

A starting principal of $3,000 is invested at 7% compounded annually for 6 years. The compound amount (or future value) is: $___

__
Mathematics
1 answer:
Luda [366]3 years ago
3 0

Answer:

The future value is $4502.19.

Step-by-step explanation:

Given

Principle amount A=$3000

Interest=7%

Time n=6 yr

We need to find future value(P)

We know that for compound Interest, Future value given as

P=A\left(1+\dfrac{r}{100}\right)^n

Now by putting the values

P=3000\left(1+\dfrac{7}{100}\right)^6

P=$4502.19

So the future value is $4502.19.

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Answer:

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Step-by-step explanation:

Using the trigonometric mnemonic SOH CAH TOA, we know that cos or cosine is the ratio between the adjacent side and hypotenuse side.

This means that if cos A = 0.48, A is the measure of the angle which it's relative adjacent side divided by the hypotenuse of the triangle will be around 0.48.

Let's try angle 2, cos (angle 2) = adjacent / hypotenuse = 7.8 / 8.9 = 0.876404494382 ≈ 0.87 ≠ 0.48. Since the proportions are not equal, this angle cannot be the one marked as A.

Since angle 3 is a right angle, the adjacent could be either side so it cannot be correct. Thus angle 1 is correct.

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Step-by-step explanation:

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