To get the value of Connie's deposits we use the future value of annuity:
FV=P[((1+r)^n-1)/r]
where:
P=periodic deposits
r=rate
n=time
thus plugging our values in the formula we get:
FV=2000[((1+0.05)^4-1)/0.05]
FV=$8620.25
Answer: $8620.25
Below is the proof why the area of a parallelogram is B times H
<h3>How to form a rectangle from the parallelogram</h3>
The following steps would create a rectangle from the parallelogram
- Step 1: Cut out the triangular part of the parallelogram
- Step 2: Attach the triangular part to the other end of the parallelogram
See attachment for the steps.
When the rectangle has been created, we have the following dimensions:
Length = h
Width = B
The area of a rectangle is:
Area = Length * Width
This gives
Area = h * B
Evaluate
Area = Bh
Hence, the area of a parallelogram is B times H
Read more about parallelograms at:
brainly.com/question/3050890
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Answer:
60
Step-by-step explanation:
Answer:
Interest Manny earns after 2 years is $52
Step-by-step explanation:
Amount deposited = $650
Simple annual interest rate = 4%
To find: Interest after 2 years
We know that the formula to calculate the interest amount is
Simple interest (S.I.) =
where,
P is the initial amount deposited
r is the rate of simple interest in percentage
t is the time in years for which interest is to be calculated
Substituting the known values in the formula, we get
S.I =
= 52
Hence the interest Manny earns after 2 years is $52
The answer is 16. I’ve done this before and i got a 100% on it! Good Luck!!