100 POINTS You are planning to go on this trip in 2 years. How much money will you need to invest at a 1.55% interest rate compounded annually in order to have $2500 in 2 years? Use the compound interest formula A = P (1 + i)n. (Round final answer to the nearest cent, but otherwise don’t round any intermediate values)

P = $ 2,424.27

Step-by-step explanation:

Calculate rate of interest in decimal, solve for r

r = n[(A/P)^(1/nt) - 1]

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period

Step-by-step explanation:

Applying the formula to solve for the principal amount.

Dividing both sides by 1.03124025.

The money to be invested would be $ 2424.27 (to nearest cent).

step-by-step explanation:

first you will have to convert 3/4 into a decimal

which is .75

then you will have to divide 1.5 by .75

which is 2

no you have to divide

34.5 cm

step-by-step explanation:

generally for a circular segment of angle, θ° and radius r

arc length

= (θ/360) x circumference

= (θ/360) x 2πr

in our case, θ = 60°, π=3.142 and r = 33 cm

substitute into above formula

arc length

= (60/360) x 2(3.142)( 33) = 34.5 cm