The amount you should deposit is $4709.18
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in decimal
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
∵ You want to have $5000 in your savings account in 2 years
∴ A = 5000
∴ t = 2
∵ The account pays 3% annual interest, compounded monthly
∴ r = 3% = 3 ÷ 100 = 0.03
∴ n = 12 ⇒ compounded monthly
- Substitute these values in the formula above
∴ 
∴ 
∴ 
- Divide both sides by 
∴ P = 4709.18
The amount you should deposit is $4709.18
Learn more:
You can learn more about the compounded interest in brainly.com/question/2514241
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Answer:
The area of any regular polygon is given by the formula: Area = (a x p)/2, where a is the length of the apothem and p is the perimeter of the polygon. Plug the values of a and p in the formula and get the area. As an example, let's use a hexagon (6 sides) with a side (s) length of 10.
The area of a polygon is the two-dimensional set of all points surrounded by the sides of the polygon.
If you're looking for an equation, it varies based on the number of sides and the shape of the polygon.
Step-by-step explanation:
Apothem
A regular polygon is equilateral (it has equal sides) and equiangular (it has equal angles). To find the area of a regular polygon, you use an apothem — a segment that joins the polygon’s center to the midpoint of any side and that is perpendicular to that side (segment HM in the following figure is an apothem).
Answer:
yeah i did kenn
Step-by-step explanation:
hi
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