Suppose you invest $1600 at an annual interest rate at 4.6% compounded monthly. how much money will you have in the account after 4 year?

Formula for Compound Interest:

Amount = Principle

Principle = Initial amount

r = interest rate (as a decimal)

n = how many times compounded per year

t = time ( as years)

What we know:

Principle = $1600

r = 4.6% converted to decimal = 0.046

n = compounded monthly so 12 times a year = 12

t = 4

Plug in the known values to the formula to find what the Amount is

Amount = 1600

Solve

= 1600(1.0038333...)^48

The dots are because it is either a repeating or non repeating decimal and I didn't round till the end.

Do the exponents first because PEMDAS

= 1600(1.201593...)

Amount = $1922.55

Rounded to the nearest cent.

Avoid common errors by-

converting r to a decimal and leaving it a %

making sure that t is in years

making sure that n is the number of time compounded every year

are you an artist's daughter? cuz dang you a fine piece of art, girl.

the smallest possible measurement of the width is 14 feet

step-by-step explanation:

let's assume length of parallelogram is 'l'

width of parallelogram is 'w'

the perimeter of a parallelogram must be no less than 40 feet

so, we get

we are given

length of parallelogram is 6 feet

so,

l=6

we can plug it

now, we can solve for w

subtract both sides by 12

divide both sides by 2

and we get

so,

the smallest possible measurement of the width is 14 feet