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Answer:
The value of this investment at the end of the 5 years is of $662.5.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where 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 and t is the time in years for which the money is invested or borrowed.
Dina invests $600 for 5 years at a rate of 2% per year compound interest.
This means that . Thus
Calculate the value of this investment at the end of the 5 years.
This is A(5). So
The value of this investment at the end of the 5 years is of $662.5.
<u>Answer-</u>
<em>The values of x and y are </em><em>13</em><em> and </em><em>24</em><em>, respectively.</em>
<u>Solution-</u>
From the attachment, l and m are parallel lines and
---------------------1
As, when a traversal line intersects two parallel lines, same-side interior angles are supplementary, or they add up to 180 degrees.
---------------------2
As, an exterior angle is equal to the sum of the opposite interior angles.
Adding equation 1 and 2, we get,
Putting the value of x in equation 1, we get