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3 years ago

8

Suppose $6,500 is invested in an account that earns interest at a rate of 2% compounded quarterly for 10 years. Describe and cor

rect the error a student made when finding the value of the account

1 answer:

mixer [17]3 years ago

6 0

Answer:

Step-by-step explanation:

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Right angled triangle calc: find a, b=24, c=33.94113

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Use the Pythagorean theorem...
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a²+24²=33.94113<span>²

a</span><span>²+576=1,152.00031

a</span><span>²=576.000306

a=24 (If you need the exact number, not rounded, it is 24.0000064)</span>

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