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ser-zykov [4K]
2 years ago
15

Angelina deposits $3000 in a savings account on 1 January 2019, earning compound interest of 1.5% per year.

Mathematics
1 answer:
jekas [21]2 years ago
4 0

The interest earned would be $481.62.

The total amount of money in her account would be $16,377.12.

<h3>Determining interest after 10 years </h3>

Interest = future value - amount deposited

$3000 (1.015)^10 = $3,481.62

Interest =  $3,481.62 - $3000 = $481.62

<h3>Determining the future value of the account.</h3>

 Future value of the lump sum = $3000 x (1.015)^11 = $3,533.85

Future value of the annuity = amount deposited x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r = [(1.015)^10 - 1] / 0.015 = 10.702722

Future value =  10.702722 x $1,200 = $12,843.27

Total future value =  $12,843.27 + $3,533.85 = $16,377.12

To learn more about future value, please check: brainly.com/question/18760477

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Hey there!

<u>Use the quadratic formula to find the solution(s). x² + 2x - 8 = 0</u>

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x = -4 or x = 2 ✅

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<em><u>Quadratic</u></em><em><u> </u></em><em><u>formula </u></em><em><u>:</u></em><em><u> </u></em>ax² + bx + c = 0 where a ≠ 0

The number of real-number solutions <em>(roots)</em> is determined by the discriminant (b² - 4ac) :

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The <em><u>roots</u></em> of the equation are determined by the following calculation:

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Here, we have :

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1) <u>Calculate </u><u>the </u><u>discrim</u><u>i</u><u>n</u><u>ant</u><u> </u><u>:</u>

b² - 4ac ⇔ 2² - 4(1)(-8) ⇔ 4 - (-32) ⇔ 36

b² - 4ac = 36 > 0 ; The equation admits two real-number solutions

2) <u>Calculate </u><u>the </u><u>roots </u><u>of </u><u>the </u><u>equation</u><u>:</u>

▪️ (1)

x_1 =  \frac{ - b -  \sqrt{ {b}^{2}  - 4ac} }{2a}  \\  \\ x_1 =  \frac{ - 2 -  \sqrt{36} }{2(1) }  \\  \\ x_1 =  \frac{ - 2 - 6}{2}   \\ \\ x_1 =  \frac{ - 8}{2}  \\  \\ \blue{\boxed{\red{x_1 = -4}}}

▪️ (2)

x_2 =  \frac{ - b  +   \sqrt{ {b}^{2} - 4ac } }{2a}  \\  \\ x_2 =  \frac{ - 2 +  \sqrt{36} }{2(1)}  \\  \\ x_2 =  \frac{ - 2 + 6}{2}  \\  \\ x_2 =  \frac{4}{2}  \\  \\ \red{\boxed{\blue{x_2 = 2}}}

>> Therefore, your answers are x = -4 or x = 2.

Learn more about <u>quadratic equations</u>:

brainly.com/question/27638369

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