Answer:
$1,179
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, lets change 2.6% into a decimal:
2.6% -> -> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179
The square root of 24 would be plotted between 4 and 5, but closer to 5 on a number line.
<h3>What is a number line?</h3>A number line is a horizontal line with evenly spaced numerical increments. The numbers on the line will dictate how you answer the number on the line.
A number line in elementary mathematics is a representation of a graduated straight line that serves as an abstraction for real numbers, denoted by \mathbb {R}. Every point on a number line is assumed to be a real number, and every real number is assumed to be a point.
Number lines are extremely adaptable, that can be used to locate numbers, compare numbers, fractions and mixed numbers, decimals, integers, absolute value, addition, subtraction, inequalities, multiples, common denominators, and much more.
The square root of , which is between 4 and 5, but closer to 5 on a number line.
To learn more about number lines, refer:
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