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eduard
3 years ago
7

Glenn invested $18,000 at 5% interest compounded annually. How much interest will Glenn earn in 3 years? A. $20,837.25 B. $19,82

6.24 C. $2340.23 D. $2837.25
Mathematics
2 answers:
guapka [62]3 years ago
6 0
Interest earned
= P((1+i)^n-1)
=18000((1+0.05)^3-1)
=18000(0.157625)
=2837.25
expeople1 [14]3 years ago
4 0
I'm pretty sure it is D
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Step-by-step explanation:

Equation of the line CD is given as \[y=-2x-2\]

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The sign of the difference at this value of x is still negative, so the next guess would be 27/16. It is a little hard to tell what the question means by "3 iterations." Evaluating the function for x=13/8 will be the third evaluation, so the determination that x=27/16 will be the next guess might be considered to be the result of the 3rd iteration.

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