We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5
4 9/10 is your answer because you first have to divide the numerator by the denominator. this will give you 4, with a remainder of 9. The mix number can be created by using the 4 as the whole number, the 9 as the numerator and the 10 as a denominator. So, 49/10 = 4 9/10. Hope this works!
Answer:
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Hope it helps...
Have a great day!!
#1
The ALTITUDE is
a line segment that connects a vertex of a triangle to a point on the
line containing the opposite side, so that the line segment is perpendicular to that line.
#2
The MEDIAN a line segment that connects a vertex of a triangle to the midpoint of the opposite side
Answer:
5 seconds per foot
Step-by-step explanation:
