Mathematics: Explain what it means for two numbers to be relatively prime

Explain what it means for two numbers to be relatively

taylordalton93

03.02.2020

$\$2,161.1$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=10\ years\\P=\$4,500\\ r=0.04\\n=1$

substitute in the formula above

$A=\$4,500(1+\frac{0.04}{1})^{1*10}$

$A=\$4,500(1.04)^{10}$

$A=\$6,661.10$

Find the interest

I=A-P

$I=\$6,661.10-\$4,500=\$2,161.1$

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