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Ahat [919]
3 years ago
14

3.

Mathematics
1 answer:
Lerok [7]3 years ago
5 0

3. Here we use the formula

A = P ( 1 + \frac{r}{n} )^ {nt}

And we have the following values given

P = $23400, r = 3%=0.03,n =2, t=10 years

So we will get

A = 23400(1+ \frac{0.03}{2} )^{2*10}
\\
A = 23400( \frac{2.03}{2} )^{20} = $31516.52

Question 4.

In this question , we have

P = $2310, R = 3.5% = 0.035 ,
\\
Number \ of \ days \ from \ april \12 to July \ 5 = 30+31+23 = 84 days

A = 2310(1+ \frac{0.035}{365})^{84}  = $2328.68

Interest is the difference of amount and principal, that is

I = 2328.68-2310 = $18.68

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