Answer:
$57,369
Step-by-step explanation:
We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.
To solve our given problem we will use compound interest formula.\
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given rate in decimal form.

Upon substituting our given values in compound interest formula we will get,





Therefore, an amount of $57,369 will be in the account after 4 years.
Hello there,
To calculate slope all you need to do is find two points on the graph.
(a,b) (c,d)
Then you use the formula to find slope.
d minus b divided by c minus a.
Hope I helped :)
~Char
Answer:
0.24
Step-by-step explanation:
0.32 ÷ 4 = 0.08
So, a quarter pound of potatoes costs 0.08.
0.08 x 3 = 0.24
So, three quarter pounds of potatoes (0.75) costs 0.24.
Answer:
2.5 years
Step-by-step explanation:
I = 200 T=200/4000 0.2 = 2.5 years
P= 4000
R = 2% 0.2
T = ?
Answer:
56
Step-by-step explanation:
You will add 42+14 together to get 56 and you will distribute 42 and 14 to get 2 cubed times 14.
I am glad to help and have a great day