You would use the Pythagorean there on which is a^2+b^2=c^2, from there you plug int what they gave you and solve for b, and b=12
Answer:
$2191.12
Step-by-step explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
, where,
,
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
![4\%=\frac{4}{100}=0.04](https://tex.z-dn.net/?f=4%5C%25%3D%5Cfrac%7B4%7D%7B100%7D%3D0.04)
![FV=\$1,000\times (1+0.04)^{20}](https://tex.z-dn.net/?f=FV%3D%5C%241%2C000%5Ctimes%20%281%2B0.04%29%5E%7B20%7D)
![FV=\$1,000\times (1.04)^{20}](https://tex.z-dn.net/?f=FV%3D%5C%241%2C000%5Ctimes%20%281.04%29%5E%7B20%7D)
![FV=\$1,000\times 2.1911231430334194](https://tex.z-dn.net/?f=FV%3D%5C%241%2C000%5Ctimes%202.1911231430334194)
![FV=\$2191.1231430334194](https://tex.z-dn.net/?f=FV%3D%5C%242191.1231430334194)
![FV\approx \$2191.12](https://tex.z-dn.net/?f=FV%5Capprox%20%5C%242191.12)
Therefore, the bond would be $2191.12 worth in 10 years.
7/7.42 = $0.94
Hope this helped :)