Hello!
Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years
Data:
P = 35000
r = 4% = 0,04
n = 4
t = 5
P' = ?
I = ?
We have the following compound interest formula
So the new principal P' after 5 years is approximately $42,706.66.
Subtracting the original principal from this amount gives the amount of interest received:
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I Hope this helps, greetings ... Dexteright02! =)
If what you mean is what does x equal then X=30
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Square both sides:
Since
is positive, you can discard the negative sign. So,
Substitute this value back into
to find
I hope this helps. =)
Tags: <em>trigonometric identity relation trig sine cosine tangent sin cos tan trigonometry precalculus</em>
X=16
y= -12
X+2( -x+4)=-8
X-2x+8=-8
-1x=-16
X=16
Y=-16+4
Y=-12
9/4 is the answer if you have any questions please let me know