Rafael can type 24 words in 6 minutes. What is his rate in words per minute
2 answers:
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Given:
• Amount to save, A = $28,000
,• Time, t = 6 years
,• Interest rate, r = 5.3% ==> 0.053
,• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:
Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:
Let's solve for P.
We have:
Solving further:
Divide both sides by 28.0384237:
Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60
The area of the composite shape is the sum of the area of the triangle and the area of the rectangle. The area of the composite shape is 53 in².
<h3>What is Geometry?</h3>It deals with the size of geometry, region, and density of the different forms both 2D and 3D.
The composite is made up of triangles and rectangles.
The area of the composite shape will be the sum of the area of the triangle and the area of the rectangle.
The area of the triangle will be
The area of the rectangle will be
The area of the composite shape is 48 + 5 = 53.
The area of the composite shape is 53 in².
More about the geometry link is given below.