Answer:
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $100000.
1) When t is 1,
100000 = P(1+0.04/12)^12×1
100000 = P(1+0.0033)^12
100000 = P(1.0033)^12
P = 100000/1.04
P = $96154
2) When t is 10
100000 = P(1+0.04/12)^12×10
100000 = P(1+0.0033)^120
100000 = P(1.0033)^120
P = 100000/1.485
P = $67340
3) When t is 20
100000 = P(1+0.04/12)^12×20
100000 = P(1+0.0033)^240
100000 = P(1.0033)^240
P = 100000/2.2
P = $45455
4) When t is 30
100000 = P(1+0.04/12)^12 × 30
100000 = P(1+0.0033)^360
100000 = P(1.0033)^360
P = 100000/3.274
P = $30544
5) When t is 40
100000 = P(1+0.04/12)^12 × 40
100000 = P(1+0.0033)^480
100000 = P(1.0033)^480
P = 100000/4.862
P = $20568
6)When t is 50
100000 = P(1+0.04/12)^12 × 50
100000 = P(1+0.0033)^600
100000 = P(1.0033)^600
P = 100000/7.22
P = $13850
Answer:
Explanation:
(3/14)k - 1 - 4 - (2/7)k = 0
(3/14)k - (4/14)k - 5 = 0
(-1/14)k = 5
-k = 5 x 14
k = -70
Answer:
48
Step-by-step explanation:
9(8) - 8(3) =
9(8) = 72
8(3) = 24
72 - 24 = 48
area = x^2 - 4x + 3
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