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2 answers:
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Answer:
We get the value of Principal amount i.e initial investment = $61640
Step-by-step explanation:
Interest rate r = 3.59% or 0.0359
Compounded quarterly n = 4
Future Amount A = 117,300
Time t = 18 years
We need to find initial investment i,e Principal Amount P
The formula used is:
Putting values and finding P
So, We get the value of Principal amount i.e initial investment = $61640
Answer:
h = 41.25 foot
Step-by-step explanation:
Given that,
Height of a street light = 7.5 feet
It casts a 3-foot-long shadow.
A nearby flagpole casts a 16.5 foot long shadow. We need to find the height of the flag pole. Let the height be h. It can be calculated as :
So, the height of the flag pole is equal to 41.25 foot.