A is the correct answer coz if you substitute 22 in the place of X-5 the answer will be 17
Your answer is C If not A have a good day
The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
First, convert those inches to feet.
7in =ish 0.5833333
(you find this by dividing 7/12 on a calculator)
Now you just square 9.583333333
9.583333333^2
9.583333333 * 9.583333333
91.84027777ish
Rounded to the nearest foot, means the answer is 92ft.
