Ahigh interest savings account pays 5.5% interest compounded annually. if $300 is deposited initially and again at the first of each year, which summation represents the money in the account 10 years after the initial deposit

.The amount of $300 is deposited in the account for 10 years from the date of initial deposit.

The Interest rate in the account is 5.5%

Total summation of money in the account after 10 years is given by the following equation = 300 * ((1.055)^10 - 1 ) / 0.055 * ( 1 + 0.055 )

= 300 * (.0.708144)/0.055 * 1.055

= 4075.05

Total money in account after 10 years is $ 4075.05

The Summation sign that can be used to express the equation is

∑3000*(1.055 )^x , where x assumes values from 1 to 10

step-by-step explanation:

two pairs of adjacent sides are of equal length. this implies that one diagonal divides the kite into congruent triangles, and so the angles between the two pairs of equal sides are equal in measure. it also implies that the diagonals are perpendicular.