Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Your answer is 140
so yeah i have to keep typing because its too short and im done
Answer:The factors of 67. Answer : 1,67
Step-by-step explanation:
Answer:
D. 16 inches by 8 inches
Step-by-step explanation:
We have been given an image of two rectangles and we are asked to find the dimensions of the enlarged rectangle.
Since we have been given that the original rectangle is enlarged b a scale factor of 4, so to find the dimensions of enlarged rectangle we will multiply the dimensions of original rectangle by 4.
Therefore, the dimensions of enlarged rectangle are 16 inches by 8 inches and option D is the correct choice.
Life life life man woman child
Stop making jokes about this life
Said a person with a hat
