Answer:
interest earned= 292.878
the future value of an annuity= 892.878
Step-by-step explanation:
Given Data:
Interest rate= 5%
time,t = 8 years
Quarterly payment, P= 600
n= 4 as quarterly
At the end of 8 years, final investment A= ?
As per the interest formula
A= P(1+r/n)^nt
= 600(1+0.05/4)^32
= 892.878
Interest earned = A-P
= 892.878-600
= 292.878 !
The easiest way to determine the answer is to just divide $57/$60 = 0.95 or 95%
Answer:
H
Step-by-step explanation:
I have done the work before
The area of rectangle ABCD can be expressed in simplified form as: 8y^2 - 10y.
<h3>How to Calculate the Area of a Rectangle?</h3>
The area of a rectangle is calculated using:
Area = (length)(height).
We are given the following:
Length of rectangle ABCD = side DC = 4y - 5
Height of rectangle ABCD = side AD = 2y
The area of rectangle ABCD = (length)(height) = (4y - 5)(2y).
Expand the expression
The area of rectangle ABCD = 2y(4y) - 2y(5) [distributive property of multiplication]
The area of rectangle ABCD = 8y^2 - 10y
Thus, the area of rectangle ABCD can be expressed in simplified form as: 8y^2 - 10y.
Learn more about area of rectangle on:
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