Answer:
$755.80
Step-by-step explanation:
Determine the compound amount first and then subtract the principal from it, to find the amount of interest.
The compound amount formula is A = P (1 + r/n)^(nt), where
P is the initial principal, r is the interest rate as a decimal fraction, n is the number of compounding periods per year, and t is the number of years. Here, P = $2179; t = 5 yrs; r = 0.06; and n = 4 (quarterly compounding).
We get:
A = $2179(1 + 0.06/4)^(4*5), or $2179(1.015)^20, or $2179(1.347) = $2937.80.
The compound amount is $2934.80. Subtracting the $2179 principal results in the interest earned: $755.80.
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Answer:
Volume of cylinder =989 ft cube
Step-by-step explanation:
<u>Volume of cylinder</u>
Volume V = πr²h
r - radius and h - height
It is given that,
The radius of a cylindrical construction pipe is 1.5ft and
Length of pipe = 14 ft
<u>To find volume of cylinder</u>
Volume V = πr²h
V = 3.14 x 1.5 x1.5 x 14 =989.1 ≈ 989 ft cube
For the first investment. A = P(1 + rt); where p = 9,720, r = 0.0316 and t = 1/12
A = 9720(1 + 0.0316/12) = 9720(1.0026) = $9,746
For the second investment,
A = 8140(1 + 0.0323 x 2) = 8140(1.0646) = $8,666
Total amount she had = $9,746 + $8,666 = $18,412
