Natalie invests $5,632 in a retirement account with a fixed annual interest rate of 2% compounded 12 times per year. What will the account balance be after 16 years?

A) $8,398.46

C) $7,753.92

B) $8,610.85

D) $7,910.43

Answers

Answer 1

Answer:

C) $7,753.92

Step-by-step explanation:

Given data

Principal= $5,632

Rate=2%

n= 12

Time = 16 years

The expression for compound interest is

A=P(1+r/n)^nt

substitute

A= 5632(1+0.02/12)^12*16

A=5632(1+0.02/12)^12*16

A= 5632(1+0.00166)^12*16

A= 5632(1.00166)^12*16

A= 5632(1.00166)^192

A=5632*1.375

A=$7744

Hence the approximate amount is C) $7,753.92


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Answer: The pool table is rectangle, so we assume it with Length a feet and b feet, respectively.

 

So area=a*b=24 square feet

perimeter=2(a+b)= 22 feet

 

then we calculate with this two equation to get a and b.

 

because  a+b=11, then a=11-b, we put this into a * b=24

 

then we get (11-b)*b=24,  

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Step-by-step explanation:

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Answers

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The new annual premium including the discount is $504.24.

Option A is the correct answer.

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An expression contains one or more terms with addition, subtraction, multiplication, and division.

We always combine the like terms in an expression when we simplify.

We also keep all the like terms on one side of the expression if we are dealing with two sides of an expression.

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We have,

To calculate the new annual premium with the discount, we need to find the total premium and then subtract the discount.

The total premium is the sum of the individual premiums:

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The discount is 4.5% of the total premium:

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= $528.00 - $23.76

= $504.24

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.......ur welcome..........

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