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Using the given information below, state a congruency rule that proves: MPO=NQO

User Chadmyers
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Explanation:

Cody will have $500 in a fund that gives interest at a rate of 12% per year, compounded quarterly. To calculate the amount he will have in five years, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

A is the final amount

P is the principal amount (initial deposit)

r is the annual interest rate (expressed as a decimal)

n is the number of times that interest is compounded per year

t is the number of years

In this case, Cody's initial deposit is $500, the interest rate is 12% (or 0.12 as a decimal), interest is compounded quarterly (n = 4), and the number of years is 5 (t = 5). Plugging these values into the formula, we can calculate the final amount:

A = 500(1 + 0.12/4)^(4*5)

A = 500(1 + 0.03)^20

A = 500(1.03)^20

A ≈ $813.96

Therefore, Cody will have approximately $813.96 in five years.

User Vishnu Sajeev
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