Monica has a triangular piece of fabric. The height of the triangle is 21 inches and the triangle's base is 12 inches. Monica sa
ys that the area of the fabric is 252 in2. What error did Monica make? Explain your answer by entering the correct area of the fabric.
2 answers:
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Answer: $59313.58
Step-by-step explanation:
We know that formula we use to find the accumulated amount of the annuity ( ordinary annuity interest is compounded ) is given by :-
, where A is the annuity payment deposit, r is annual interest rate , t is time in years and n is number of periods.
Given : Annuity payment deposit :A= $4500
rate of interest :r= 6%=0.06
No. of periods : m= 1 [∵ its annual]
Time : t= 10 years
Now we get,
∴ the accumulated amount of the annuity= $59313.58