Hello!
Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years
Data:
P = 35000
r = 4% = 0,04
n = 4
t = 5
P' = ?
I = ?
We have the following compound interest formula
So the new principal P' after 5 years is approximately $42,706.66.
Subtracting the original principal from this amount gives the amount of interest received:
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Answer:
Is there a question?
Step-by-step explanation:
If it is, by the way I look at it, To “distribute” means to divide something or give a share or part of something. According to the distributive property, multiplying the sum of two or more addends by a number will give the same result as multiplying each addend individually by the number and then adding the products together.
Answer:
p(6) = 7
Step-by-step explanation:
p(n) = n + 1
Let n = 6
p(6) = 6 + 1
p(6) = 7
Answer:
East (E): 90° South (S): 180° West (W): 270°
Step-by-step explanation:
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