The final amount if $10 000 invested for 6 years at 4% compounded quarterly is $12,697
<h3>Compound interest</h3>
The formula for calculating the compound interest is given as:
A = P(1+r/n)^nt
Given the following parameters
A = 10000(1+0.04/4)^4(6)
A = 10000(1+0.01)^24
A = 10000(1.01)^24
A = 1.2697(10,000)
A = $12,697
Hence the final amount if $10 000 invested for 6 years at 4% compounded quarterly is $12,697
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Answer:
The statement in the question is wrong. The series actually diverges.
Step-by-step explanation:
We compute
Therefore, by the series divergence test, the series diverges.
EDIT: To VectorFundament120, if is a sequence, both and are common notation for its limit. The former is not wrong but I have switched to the latter if that helps.
Cost per metre = Rs. 5
Total cost = Rs. 2000
Then total length of the fence = Rs.2000/Rs.5
= 400 metre
Total length of the fence = 400 metre
Answer:
100 Sq Mt = 1135.69 Sq Ft
Step-by-step explanation:
We are required to find how many square feet are in 100 m squared.
1 meter = 3.37 ft
1 metre x 1 meter = 3.37 x 3.37 Sq ft
1 Sq Mt = 11.3569 Sq ft
100 sq Mt = 100 x 11.3569 sq ft
100 sq mt = 1135.69 Sq ft
Hence
100 Sq Mt = 1135.69 Sq Ft