A certificate of deposit earns 1% interest every three months. The interest is compounded.
What is the value of a $35,000 investment after 6 years?
$37,153.21
$39,438.88
$44,440.71
$56,295.30
A. 37,153.21
Answer:
Could you explain it another way?
Step-by-step explanation:
9514 1404 393
Answer:
Step-by-step explanation:
In the left problem, you use the fact that <em>the sum of the segment lengths is equal to the overall length</em>.
AC +CB = AB
(3x -4) +(x -2) = 62
4x -6 = 62 . . . . . collect terms
4x = 68 . . . . . . . add 6
x = 17 . . . . . . . . . . divide by 4
__
In the right problem, you use the fact that <em>the sum of the angles is equal to the overall angle</em>. Here, that overall angle is a linear angle, so measures 180°.
∠DFG +∠GFE = ∠DFE
(5y +3) +(2y -5) = 180
7y = 182 . . . . . . . . . . . . . . collect terms, add 2
y = 26 . . . . . . . . . . . . . . . .divide by 7
