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3 years ago

Find the balance in the account with a principal of $4,100 earning 5% compounded monthly after 24 years.

Mathematics

1 answer:

borishaifa [10]3 years ago

5 0

Answer:

The formula is

A=p (1+r/k)^kt

A future value?

P present value 4100

R interest rate 0.04

K compounded monthly 12

T time 10 years

A=4,100×(1+0.04÷12)^(12×10)

A=6,112.41. ..answer

Step-by-step explanation:

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Step-by-step explanation:

We need to find the find all the points having an x coordinate of 2 whose distance from the point (-2,-4) is 5.

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Standard form of a circle is

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