The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
Learn more about compound interest:
brainly.com/question/24924853
#SPJ4
Answer:
Ito
Step-by-step explanation:
Make them to their closest common multiple which is twelve.
Next times 7 by 4 as 3*(4) is 12
Then time 9 by 3 as 3*(4) is 12
7*4=28
9*3=27
Therefore ito washes at a faster rate
1 hour and 15 minutes
hope it helped you
Remember that there are 16 cups in a gallon.
The pipe leaks 1.5 cups each day, so in one week, or 7 days, the cup leaks 1.5 times 7 cups, which equates to 10.5 cups per week.
To find this number in gallons, divide 10.5 by 16.
This equals .65625 gallons per week.
Hope this helps!
~Chrys