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Neko [114]
3 years ago
15

Thomas opened a savings account with an annual interest rate of 7% and an initial deposit of $5000. If his interest is compounde

d quarterly, how much is in Thomas’s account after 4 years? Round your answer to the nearest cent.
interest compounded quarterly: A = P(1+r/4)
Mathematics
1 answer:
Ronch [10]3 years ago
8 0
I think i did this one before it was 1000 was the answer for it .
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Help plz,BIG POINTS,also plz show me the steps as best as possible
Sidana [21]

Answer:

The correct answer is option 3.

Step-by-step explanation:

Given : ΔPQR, QM is altitude of the triangle

PM  = 8

MR = 18

To find = QM

Solution :

PR = 8 + 18  = 26

Let, PQ = x  , QR = y, QM = z

Applying Pythagoras Theorem in ΔPQR

PQ^2+QR^2=PR^2

x^2+y^2=(26)^2..[1]

Applying Pythagoras Theorem in ΔPQM

PM^2+QM^2=PQ^2

8^2+z^2=(x)^2..[2]

Applying Pythagoras Theorem in ΔQMR

MR^2+QM^2=QR^2

18^2+z^2=(y)^2..[3]

Putting values of x^2 and y^2 from [2] and [3 in [1].

8^2+z^2+18^2+z^2=(26)^2

2z^2=(26)^2-(8)^2-(18)^2

2z^2=288

z^2=144

z = ±12

z = 12 = QM ( ignoring negative value)

The length of QM is 12.

6 0
2 years ago
HELP ASAP!!! please i know its Friday but i need help with home work
mote1985 [20]
The answer is one solution
8 0
2 years ago
Read 2 more answers
Which expression is equivalent to 10k + 17 - 7j - 18 - 11k?
kodGreya [7K]

Answer:

-7j-k-1

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
The total amount paid on a 35 year loan was $98,000. If the interest rate was 4.1% and compounded monthly, what was the principa
Levart [38]

Answer:

The principal amount was $23,393.45

Step-by-step explanation:

The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%

We will calculate Principal amount by this formula

A=P(1+\frac{r}{n})^{nt}

Where A = amount (98,000)

           P = Principal amount (P)

           r = rate of interest 4.1% (0.041)

           n = number of compounding interest monthly (12)

           t = time (35 years)

98,000=P(1+\frac{0.041}{12})^{(12)(35)}

98,000=P(1+0.003416)^{(420)}

98,000=P(1.003416)^{(420)}

98,000 = P(4.189386)

= 4.189386P = 98,000

P = \frac{98000}{4.189386}

P = 23,392.4494 ≈ $23,392.45

The principal amount was $23,393.45

5 0
3 years ago
Read 2 more answers
7w+5=3w-15 what is the answer
dem82 [27]
<span>7w+5=3w-15

7w-3w=-15-5

4w=-20

w=-5</span>
4 0
3 years ago
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