Answer:
549192.188 $
Step-by-step explanation:
Compounded interest is calculated each year based on the starting amount of that year.
To calculate compounded interest the following formula is used
where
A = Amount at the end of the year
P = 4,200,000 (Principal amount at the start)
r = 0.054 (rate of interest, i.e. 5.4%)
n = 4 (compounding frequency in an year, i.e. quarterly)
t = 5 (number of years)
The solution will thus be
A = 549192.188
Answer:
Step-by-step explanation:
It is given that circle is a tangent to y axis, which tells us that the distance between the centre point and y axis is the radius of the triangle.
Formula for equation of circle with centre (x1,y1) and radius r is
In the given case distance between the centre and y axis is 7 units so radius would be 7 and the centre point is (-7,2),
the equation of circle is ,
Hence the abow equation is the circle equation.
Using tables we get that:
Answer: 0.9582.