Answer:
4760
Step-by-step explanation:
Simple interest formula:
PV(1+it)
4250(1+.04*3)=4760
You haven't provided the steps.
mathisfun.com/geometry/construct-linebisect.html
Here is a useful link to the correct steps. The instructions may not be exactly the same but I think you can do it.
We have been given that Clare made $160 babysitting last summer. She put the money in a savings account that pays 3% interest per year. If Clare doesn't touch the money in her account, she can find the amount she'll have the next year by multiplying her current amount 1.03.
We are asked to write an expression for the amount of money Clare would have after 30 years if she never withdraws money from her account.
We will use exponential growth function to solve our given problem.
An exponential growth function is in form
, where
y = Final value,
a = Initial value,
r = Growth rate in decimal form,
x = Time.

We can see that initial value is $160. Upon substituting our given values in above formula, we will get:


To find amount of money in Clare's account after 30 years, we need to substitute
in our equation.

Therefore, the expression
represents the amount of money that Clare would have after 30 years.