Penelope invested $65,000 in an account paying an interest rate of 2.3% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 8 years?

$78150 would be in the account after 8 years

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

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

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = $65,000

r = 2.3% = 2.3/100 = 0.023

n = 12 because it was compounded 12 times in a year.

t = 8 years

Therefore,.

A = 65000(1 + 0.023/12)^12 × 18

A = 65000(1 + 0.00192)^96

A = 65000(1.00192)^96

A = $78150

so a parallelogram is just like a square base times height. multiply 40 and 39 to get 1560 inches.

a triangle is base times height divided by two. so multiply 7.9 and 5 and then divide it by 2 to get 19.75inches.

the kite can be split into two separate triangles and added together to get the total area. 30 x 4 /2 which equals 60. make sure to double it for the two triangles making 120.

mia khalifa

step-by-step explanation: