Using compound interest, it is found that he must deposit $56,389.
Compound interest:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- Hopes to have $80,000 in 20 years, thus
. - Interest rate of 1.75%, thus
. - Compounding monthly, thus
- The investment is of P, for which we have to solve.
Then:
He must deposit $56,389.
A similar problem is given at brainly.com/question/25263233
Answer:
24
Step-by-step explanation:
12 tablespoons= 1/4 cup
So 24= 1/2 cup
Answer:
164 m^2
Step-by-step explanation:
You can think of the shaded area in different ways. One of the ways is the entire outer colored rectangle minus the area of the small white rectangle inside.
The large colored rectangle is 12 m by 15 m.
The inner rectangle is 8 m tall. The width is 12 m - 5 m - 5 m = 2 m
A = 12 m * 15 m - 2 m * 8 m
A = 180 m^2 - 16 m^2
A = 164 m^2
Multiple values of y for a single value of x is a sure giveaway that this is NOT a function. Please review definitions of "function." A function would be represented if no x value has more than one y value associated with it.
Answer:
1496π square meters
Step-by-step explanation:
A=2πrh+2πr²
=2π(17)(27)+2π(17)²
= 918π + 578π
=1496π
