1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KATRIN_1 [288]
2 years ago
12

If Bill

Mathematics
1 answer:
777dan777 [17]2 years ago
4 0

Answer:

$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)

Step-by-step explanation:

Compound Interest Has a Specific Formula:

This case is Exponential Growth.

Formula: y= ab^x

You need to set up the equation.

First we need to define the rate of growth meaning what do you have to do for the 6.5%.

You need to do 100% + 6.5% = 106.5%

You need to convert the percent to a decimal which will be 1.065


Now we need to start plugging things into our formula to solve.

Your initial Starting amount was $3000

So you need to have y=3000(b)^x

We now know that the rate of growth is 1.065 so the b would be 1.065

y=3000(1.065)^x

Our power to x is our 3.5 years.

Our Equation now:

y=3000(1.065)^3

Now you need to use a calculator to do this due to the amount of decimals and digits.

Remember pemdas when doing this!!!

The answer should result to $3,623.84 but if rounded then: $3,623.85

You might be interested in
What are the first four terms in the sequence Tn=4n+9?
marysya [2.9K]

Answer: If the initial term of an arithmetic sequence is a 1 and the common difference of successive members is d, then the nth term of the sequence is given by: a n = a 1 + (n - 1)d The sum of the first n terms S n of an arithmetic sequence is calculated by the following formula: S n = n (a 1 + a n)/2 = n [2a 1 + (n - 1)d]/2

6 0
2 years ago
Jeff has 8 red marbles 6 blue marbles, and 4 green marbles that are the same size and shape he puts the marbles into a bag, mixe
Cloud [144]

Hey buddy I am here to help!

Red = 8

blue = 6

greem = 4

total = 18

probability of blue marble = 6/18 = 1/3

4 0
3 years ago
Read 2 more answers
Determine if the finite correction factor should be used. If​ so, use it in your calculations when you find the probability. In
serg [7]

Answer:

Idk

Step-by-step explanation:

5 0
3 years ago
One way to compute a 20% tip for a bill is to multiply it by 0.20. A restaurant bill was $35.70. Calculate the tip.
Dafna1 [17]

Answer:

7.14

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Please help me with this question.. { 8th Grade Math} I don't need an explanation just the answers.
xz_007 [3.2K]

Answer:

45 degrees

2 units

Step-by-step explanation:

A rotation is an Isometry so therefore the 45-45-90 Triangle is the exact same size and shape after the rotation.

3 0
3 years ago
Other questions:
  • Billy made 5 liters of punch his friend drank 4,500 milliliters
    12·2 answers
  • Designer Dolls, Inc., found that the number N of dolls sold varies directly with their advertising budget A and inversely with t
    9·2 answers
  • PLEASE HELP!! Will give Brainliest!!!
    7·2 answers
  • Numbers along the outside of frequency tables, calculated from row and column totals, are __________.
    10·2 answers
  • Kim was walking down a rocky path. For 4 minutes, the elevation dropped uniformly. Altogether it dropped 8 feet. What was the ch
    7·1 answer
  • Convert 200 degrees to radians
    6·1 answer
  • 192 is what percent of 70
    11·2 answers
  • HIII BEAUTIFUL PEOPLEeeeee
    10·2 answers
  • If bonus is 4% , Vat is 13% and paid amount is rs 199,784 then find mp.<br>​
    6·1 answer
  • A box of stuffing costs $1.99 for 16 oz. Find the unit cost, round to the nearest hundredth.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!