Answer:
$57,369
Step-by-step explanation:
We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.
To solve our given problem we will use compound interest formula.\
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given rate in decimal form.

Upon substituting our given values in compound interest formula we will get,





Therefore, an amount of $57,369 will be in the account after 4 years.
Answer:
0.12
Step-by-step explanation:
15 divided by 125 is equal to 0.12
Answer:
m = $9.00 * h.
Step-by-step explanation:
hours: 4, 5, 6, 7,
money: 34, 42.5, 51, 59.5,
Answer:
387
Step-by-step explanation:
Formula: 
