Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
The equation that could be used to solve for the length of XY is XY = 22/sin(41)
<h3>What is an
equation?</h3>
An equation is an expression that shows the relationship between two or more variables and numbers.
Sine rule is used to show the relationship between the sides and angles of a trinagles.
Using sine rule on triangle XYZ:
XY / sin(Z) = XZ / sin(Y)
XY / sin(90) = 22/sin(41)
XY = 22/sin(41)
The equation that could be used to solve for the length of XY is XY = 22/sin(41)
Find out more on equation at: brainly.com/question/2972832
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All you have to do is plug in the 2 for x which gives you 8 as the answer
distance = speed x time
distance = 2.35 x time
distance = 2.35 x 5
distance = 11.75 feet in 5 minutes
