Answer:
Number 4 is correct.
Step-by-step explanation:
Answer:
. Multiply 15 by 1, then divide by 5
6.974 rounded to the nearest tenth is 7.0, because 7 is more than 5, and since 9's there, we make that 6 to a 7.
The account balance after 3 years if the interest is compounded continuously is $5,142.62
<h3>How to find compound interest?</h3>
- Principal, P = $4,700
- Time,t = 3 years
- Interest rate, r = 3%
r = 3/100
r = 0.03 rate per year,
A = Pe^rt
A = 4,700.00(2.71828)^(0.03)(3)
= 12,775.916^0.09
A = $5,142.62
Therefore, the account balance after 3 years if the interest is compounded continuously is $5,142.62
Learn more about compound interest:
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