Answer:
s = 23
Step-by-step explanation:
1. VW ≅ VY is given.
2. XV ≅ VX as it is the same side.
3. ∠WVX ≅ ∠YVX as they are both 90°. ∠WVY is 180° as it is a straight line, so both ∠WVX and ∠YVX are exactly half of that.
Given those three things, you can say that ΔWVX ≅ ΔYVX. Because all corresponding parts of congruent triangles are also congruent, you can be sure that WX ≅ XY. Finally, using that information, you can write an equation and solve for s.
Answer:
a) amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) amount in the bank after 7 years if interest is compounded quarterly is $6,612.57
Step-by-step explanation:
We are given:
Principal Amount P= 5000
Rate r= 4% = 0.04
time t = 7 years
The formula used is:
where A is future value, P is principal amount, r is rate, n is compounded value and t is time
a) Find the amount in the bank after 7 years if interest is compounded quarterly?
If interest is compounded quarterly then n = 4
Using values given in question and finding A
So, amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) Find the amount in the bank after 7 years if interest is compounded monthly?
If interest is compounded quarterly then n = 12
Using values given in question and finding A
So, amount in the bank after 7 years if interest is compounded quarterly is $6,612.57
