Compare investing $1500 at 9% compounded monthly for 11 years with investing $1500 at 14% compounded monthly for 11 years.

Final amount after 11 years = $4021.97

Step-by-step explanation:

We will use the formula to get the final amount after t years,

Final amount =

here a = Initial amount

r = Rate of interest

n = Number of compounding in a year

For Initial amount 'a' = $1500

r = 9%

t = 11 years

n = 12 [Compounded monthly]

F =

  = $4021.97

step-by-step explanation:

∆abc has the points a(1, 7), b(-2, 2), and c(4, 2) as its vertices. formed with the point d(1, 2) as its third vertex, then ∆abd is triangle.

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