Answer:
a) $3480
b) $4036.8
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Suppose that $3000 is placed in an account that pays 16% interest compounded each year.
This means, respectively, that 
So
(a) Find the amount in the account at the end of 1 year.
This is A(1).
(b) Find the amount in the account at the end of 2 years.
This is A(2).
Answer:
Multiply both sides of the equation
Step-by-step explanation:
<h3>
Answer:</h3>
4.42×10^34 molecules/min
<h3>
Step-by-step explanation:</h3>
Multiply the various factors, along with the unit conversion (60 s/min).
... (3.35×10^25 molecules/L) × (2.2×10^7 L/s) × (60 s/min)
... = (3.35×2.2×60)×10^(25+7) molecules/min
... = 442.2×10^32 molecules/min
... ≈ 4.42×10^34 molecules/min
_____
<em>Comment on scientific notation problems</em>
Your scientific or graphing calculator will allow you to enter and display numbers in scientific notation.
The number in the hundredths digit is 8.
Answer:
720,682.92
Step-by-step explanation:
8.5% = 0.085
P(t) = Initial Population * (1 + rate)t
P(t) = 230,000(1 + 0.085)t
P(t) = 230,000(1.085)t
P(14) = 230,000(1.085)14
P(14) = 720,682.82
