Two hot air balloons are flying above a park. One balloon started at a height of 3,000 feet above the ground and is decreasing i
n height at a rate
of 40 feet per minute. The second balloon is rising at a rate of 50 feet per minute after beginning from a height of 1.200 feet above the ground.
Given that his the height of the balloons after m minutes, determine which system of equations represents this situation.
of 40 feet per minute. The second balloon is rising at a rate of 50 feet per minute after beginning from a height of 1.200 feet above the ground.
Given that his the height of the balloons after m minutes, determine which system of equations represents this situation.
1 answer:
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Answer:
$57,369
Step-by-step explanation:
We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.
To solve our given problem we will use compound interest formula.\
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given rate in decimal form.
Upon substituting our given values in compound interest formula we will get,
Therefore, an amount of $57,369 will be in the account after 4 years.