Answer:
Step-by-step explanation:
A highway engineer wants to compute the change in elevation of a section of road. The horizontal distance of this section of road is 2km and downgrade is 8%
The slope formula is given by
m = 8% = 8/100
run = y = 2km
Verification:
%
Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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