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:
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Ten thousand-80000
hundred-81100
ten-81070
thousands-81000
convert the feet to inches
1 foot = 12 inches
so 1.5 ft =1.5*12 = 18 inches
now multiply all 3
14*18*7 = 1764 cubic inches
Answer:
I'm sorry you got that wrong. The correct answer was R since it is staying in the same place which is called a constant line. It stays in the same place since she isn't moving, she is just standing there waiting for the cab.
