I need some help please
2 answers:
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Answer: The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
, where P+ principal value, r= rate of interest, n= time ( in years).
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73
when running a line, in a right-triangle, from the 90° angle perpendicular to its opposite side, we will end up with three similar triangles, one Small, one Medium and a containing Large one, from where we can use proportions to get their sides, so Check the picture below.
