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Home » The area of a triangle is 50 square meters, and its base is 10 meters. Find its height. - Leaselab

The area of a triangle is 50 square meters, and its base is 10 meters. Find its height. - Leaselab

📅 February 28, 2026 👤 scraface

Feb 28, 2026

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📌 A bank offers an annual interest rate of 5% compounded quarterly. If $1000 is deposited, what will be the amount after 2 years?

📌 The formula for compound interest is \(A = P(1 + \frac{r}{n})^{nt}\).

📌 Here, \(P = 1000\), \(r = 0.05\), \(n = 4\), \(t = 2\).

📌 Substitute: \(A = 1000(1 + \frac{0.05}{4})^{4 \times 2}\).

📌 Simplify: \(A = 1000(1 + 0.0125)^8\).

📌 Calculate: \(A = 1000 \times 1.104486\).

📌 \(A \approx 1104.49\).

📌 #### 1104.49

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