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dlinn [17]
3 years ago
12

A total of $12,000 is invested at an annual interest rate of 9%. Find the balance

Mathematics
1 answer:
sineoko [7]3 years ago
6 0

Answer:

$18,726.11

Step-by-step explanation:

Lets use the compound interest formula provided to solve this:

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance</em>

<em>r = interest rate (decimal)</em>

<em>n = number of times compounded annually</em>

<em>t = time</em>

<em />

First lets change 9% into a decimal:

9% -> \frac{9}{100} -> 0.09

Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:

A=12,000(1+\frac{0.09}{4})^{4(5)}

A=18,726.11

<u>The balance after 5 years is $18,726.11</u>

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The center of the circle is (h,k) = (-2,-3)

The radius of the circle is r = 2

The standard form of equation of the circle is

{(x + 2)}^{2}  +  {(y + 3)}^{2}  = 4

<h3>How to find the center, radius and standrad form of the circle?</h3>

The general form of equation of the circle is

{(x - h)}^{2}  +  {(y - k)}^{2}  =  {r}^{2}

Here, (h,k) means centre of the circle.

r means radius of the circle.

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<h3>How to find the radius of the circle?</h3>

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The distance from a circle's centre to its circumference is its radius.

The distance from a circle's centre (-2,-3) to its circumference (0,-3) is its radius.

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d =  \sqrt{(x1 - x2) {}^{2}  +  {(y1 - y2)}^{2} }  \\ r =  \sqrt{ {( - 2 - 0)}^{2} +  {( - 3 - ( - 3))}^{2}  }  \\ r =  \sqrt{ {( - 2)}^{2} +  {( - 3 + 3)}^{2}  }  \\ r =  \sqrt{ {4}^{2} + 0 }  \\ r =  \sqrt{4}  \\ r = 2

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(h,k) = (-2,-3)

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(x - h) {}^{2}  +  {(y - k)}^{2}  =  {r}^{2}

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Learn more about circle, refer:

brainly.com/question/24810873

#SPJ9

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