The compound interest formula is :
where, A= Future value including the interest,
P= Principle amount, r= rate of interest in decimal form,
t= number of years and n= number of compounding in a year
Here, in this problem P= $ 51,123.21 , t= 20 years and 2 months
So, t= 20 + (2/12) years
t= 20 + 0.17 = 20.17 years
As the amount is compounded daily, so n= (12×30)= 360 [Using the traditional Banker’s rule of 30 days per month]
Thus,
When the interest rate is given, then we can use this equation for finding the future value.
204204 - 16 = 204188
204188 / 4 = 51,047
width = 51,047
length = 51,055
Answer:
barbie
Step-by-step explanation:
ken
X + y = 13......x = 13 - y
2x - 3y = 1
2(13 - y) - 3y = 1
26 - 2y - 3y = 1
-2y - 3y = 1 - 26
-5y = -25
y = -25/-5
y = 5
x + y = 13
x + 5 = 13
x = 13 - 5
x = 8
so, x = 8 and y = 5