A total of $12,000 is invested at an annual interest rate of 9%. Find the balance
1 answer:
Answer:
$18,726.11
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<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% -> -> 0.09
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
<u>The balance after 5 years is $18,726.11</u>
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The radius of the circle is r = 2
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The general form of equation of the circle is
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r means radius of the circle.
given that coordinate points of centre of circle is (-2,-3).
Hence the (h,k) = (-2,-3)
<h3>How to find the radius of the circle?</h3>Now to find the radius of the circle
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.
using the formula, distance between the two points to obtain radius.
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r = 2
subtitue the (h,k) and r values to get the standard form of equation of the circle.
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