I =(2200×5%×3)/100
=3.3
3 years = 3.3 +2200
= 2203.30
I =(2200×5%×5)/100
=5.50
5 years =5.50 +2200
= 2205.50
=3.3
3 years = 3.3 +2200
= 2203.30
I =(2200×5%×5)/100
=5.50
5 years =5.50 +2200
= 2205.50
Which line is congruent to which
1 answer:
You might be interested in
ANSWER
$1,413.81
EXPLANATION
The compound interest formula is given by:
Where P=900 is the balance in the account, t=10 is the number of years and r=0.0462 is the rate.
We substitute the values in to the formula to get:
This simplifies to:
Therefore $1413.81 will be in the account after 10 years.