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
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Answer: 56 degree
Step-by-Step Explanation:
Let measure of unknown angle be ‘x’
One angle = 68 degree
Sum of all angles is 180 => 68 + 2x = 180
Therefore,
68 + 2x = 180
2x = 180 - 68
2x = 112
x = 112/2
=> x = 56
Therefore, the measure of the missing angles is 56 degrees each.
Answer:
x = 1/2
Step-by-step explanation:
2x + 3 = 4x + 2
-2x -2x
3 = 2x + 2
-2 -2
1 = 2x
Divide both sides by 2x
x = 1/2
Answer:
He will save $7,248 in 2 years.
Step-by-step explanation:
The whole explanation is in the picture :)