Answer: $4,331
Step-by-step explanation:
I will assume that the question meant 5.2% not 52% as this is quite excessive.
Katherine after 13 years.
Convert the variables;
n = 13 years = 13 * 365 = 4,745 days
r = 5.2% = 5.2/365 = 5.2/365%
Future value = P * ( 1 + r)^n
= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵
= $169,068
Michael after 13 years;
If compounded continuously, the formula is;
Future value = Pe^rt
= 86,000 * e⁰.⁰⁵ ˣ ¹³
= $164,737
Difference = 169,068 - 164,737
= $4,331
You simplify the fraction by dividing 2 to the nominator and the denominator. So 24/2=12, 8/2=4, 6/2=3. You can only divide a root with a root number so in this case the root three doesn't get affected
The answer would be 620000
Answer: +23
Step-by-step explanation:
It would be 23 because the difference between -19 and 4 is 23
the area in square feet is 4400. (because to find the area of the rectangle you multiply the 2 side lengths, 100 and 80 which gives you 8000, then you find the area of the square, multiply 60 by 60 which is 3600, then you subtract the total area of the backyard by the area taken up by the garden, 8000-3600, which gives you your total of 4400.)
