The amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
<h3>How to calculate compound interest's amount?</h3>
If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
For the considered case, we're given that:
- Initial amount Laura deposited = $5,500 = P
- Type of interest: Compound interest
- Unit of time: Annually
- Rate of interest = 1.6% annually = R
- Total unit of time for which amount is to be calculated: 4 years = T
The final amount at the end of 4 years in the considered account of Laura is evaluated as:
Thus, he amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
Learn more about compound interest here:
brainly.com/question/11897800
Answer:
5/36
Explanation:
Distance on a number line is basically difference between two numbers. So we subtract the two numbers. This can be solved on a calculator btw. 7/12 - √16/81 = 5/36.
Answer:
<h2>x=6°</h2><h2>z=64°</h2>
Step-by-step explanation:
15x+26 + 5x+34 =180
20x + 60 =180
20x=120
<h2>x=6</h2>
z + 15(6) +26=180
z=180-26-90=180-116
<h2>z=64</h2>
hope it helps:)