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madelynlittle5399
17.01.2020 •
Mathematics
Jorge invests 2,500 in an online investment account that pays 6.75% interest compounded annually. approximately how much money will he have in his account in 2 years
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Ответ:
2,848.90
Step-by-step explanation:
We are given the following;
Amount invested (principal) = 2,500 Rate of interest is 6.75% p.a Time is 2 yearsWe are required to determine the amount in his account after 2 years.
Since the money was compounded annually;
We are going to use the compound interest formula of getting amount accrued.
A = P(1 + r/100)^n
where n is the interest periods, in this case n=2
Therefore;
A = 2500 (1 + 0.0675)^2
=2,848.89
= 2,848.90
Thus, the amount that will be in the account is 2,848.90.
Ответ:
g(4) = 5
Step-by-step explanation:
g(x) = 1/2x + 3
g(4) = 1/2(4) + 3
g(4) = 2 + 3
g(4) = 5