Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Answer:
B) 77.5 square feet
Step-by-step explanation:
cut shape into rectangle and triangle
area of rectangle = x*y
area of rectangle = 5*13
area of rectangle = 65
area of triangle = (z-x)*(y-w)/2
area of triangle = 5*3/2
area of triangle = 7.5
Total area = 65 + 7.5
Total area = 77.5, B)
Answer:
Your answer would be x = 1/2
Step-by-step explanation:
1/x = 2
You would divide x on both sides...then they would cancel each other out.
But now you're left with...
1 = x•2
So, re-order the terms so constants are on the left
1 = 2x
Divide 2 on both sides...
Now you're left with
1/2=x or more practically it would be x = 1/2
Hope this helps!
