Answer:
5/4 ounces.
Step-by-step explanation:
There are 4 marks. So 1/4 is the smallest one. There are 5 of them. 5x1/4 is 5/4 or 1 1/4
By adding/ subtraction systems
The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
Learn more about compound interest:
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Eight is the greatest common factor because it is the last of the numbers that can go into both of those numbers.
