Answer:
8,425.47
Step-by-step explanation:
Total Principal: $7,900.00
Total Interest: $525.47
interest rate of 1.29% compound quarterly is equivalent to annual rate of 1.296%
The answer is 2 and over it is 3
the horizontal distance ( x direction) from A to C is 7 units and
the vertical distance ( y direction) is 5 units
Applying Pythagoras' Theorem to the right triangle
AC² = 7² + 5² = 49 + 25 = 74, hence
AC =
= 8.6 units ( to 1 dec. place )
P = 4r + 3t
4r = p - 3t
r = (p - 3t)/4