Suppose that 70,000 is invested at 6% interest. find the amount of money in the account after 8 years if the interest is compounded annually

The amount of money in account after 8 years is $ 111569.36

Solution:

Given that, Suppose that 70,000 is invested at 6% interest

We have to find the amount of money in the account after 8 years if the interest is compounded annually

Formula for Amount compounded annually is as follows:

Where,

"A" is the total amount after "n" years

"P" is the principal

"r" is the rate of interest

"n" is the number of years

Here in this sum,

P = 70000

r = 6 %

n = 8 years

Substituting the values in formula,

Therefore, the amount of money in account after 8 years is $ 111569.36

option 2 is correct.

step-by-step explanation:

we are given two inequality equation

x+y> 5 and -3x+2y< -2

first we draw the graph of both function using t-table method

equation: x+y> 5

for x=0, y=5

for x=-5, y=0

table:

x   :   0     5

y   :   5     0

test point (0,0) , 0> 5

false

equation: -3x+2y< -2

for x=0, y=-1

for x=2, y=4

table:

x   :   0     2

y   : -1       4

test point (0,0) , 0< -2

true

now we draw the graph. see the attachment for graph.

common region would be solution set.

option 2 is correct.