Answer:
interest earned= 292.878
the future value of an annuity= 892.878
Step-by-step explanation:
Given Data:
Interest rate= 5%
time,t = 8 years
Quarterly payment, P= 600
n= 4 as quarterly
At the end of 8 years, final investment A= ?
As per the interest formula
A= P(1+r/n)^nt
= 600(1+0.05/4)^32
= 892.878
Interest earned = A-P
= 892.878-600
= 292.878 !
We are asked to solve for the surface area of the described figure in the problem. We can conclude that the given figure is a rectangular prism since it was being mentioned in the problem that the height is laid flat. Therefore, the formula for the surface area is SA = PH + 2B where "P" stands for the perimeter of the rectangle and "B" stands for the area of the rectangle while "H" is for the height.
Solving for P, we have it:
P = width + length + width + length
P = 10 + 5 + 10 + 5
P = 30 inches
Solving for B, we have it:
B = length * width
B = 10 * 5
B = 50 inches squared
Solving for the surface area, we have it:
SA = PH + 2B
SA = 30*7 + (2*50)
SA = 310 inches squared
The answer is 310 in2.
Divide and then multiply by 100
