The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
Learn more about compound interest:
brainly.com/question/24924853
#SPJ4
Answer:
( y^2 +1) ( x^2+1)
Step-by-step explanation:
Step 1 ) Factor out x^2 from the expression
x^2 (y^2+1)+y^2+1
Step 2) Factor out y^2 from the expression
(y^2+1) (x^2+1)
Solution is ( y^2 +1) ( x^2+1)
Hmmmmmm
Let me think for a second
Answer:
12, 8, and 4
Step-by-step explanation:
a + d + a + a - d = 24
3a = 24 ⇒ [ a = 8 ]
and (a + d)² + a² + (a - d)² = 224
3a² + 2d² = 224
2d² = 224 - 192 = 32
d² = 16
[ d = ±4 ]
∴ The first three terms to A.P are
a + d = 8 + 4 = 12
a - = 8
a - d = 8 - 4 = 4
∴ Three terms are 12 , 8, and 4
9:7 There are 18 girls to 14 boys. 18/14 divide top and bottom by 2 to simplify equals 9:7
