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sukhopar [10]
3 years ago
14

Felicia invested $25,000 into an account earning 3% interest compounded annually. She makes no other deposits into the account a

nd does not withdraw any money. What is the balance of Felicia's account in 9 years?
Mathematics
1 answer:
rewona [7]3 years ago
7 0
The formula is
A=p (1+r)^t
A future value?
P present value 25000
R interest rate 0.03
T time 9 years
A=25,000×(1+0.03)^(9)
A=32,619.33
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<h3>Answer: 100 meters</h3>

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Explanation:

If you draw out the diagram, then you'll find that a 45-45-90 triangle forms. The nice thing about this type of triangle is that the two legs are always the same length. The horizontal leg is 100 meters, so the vertical leg must also be 100 meters.

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