Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
Answer:
8
Step-by-step explanation:
First you subtract 20 by 4. Then you get 16. 16 divided by 2 gets you 8. 8 is the answer.
Hope this helps dude
He would have $4131 left from $5400 with a decrease with 23.5%
Answer:
(n + 1)(3n + 7)
Step-by-step explanation:
3n² + 10n + 7
Consider the factors of the product of the n² term and the constant term which sum to give the coefficient of the n- term.
product = 3 × 7 = 21 and sum = + 10
The factors are + 3 and + 7
Use these factors to split the n- term
3n² + 3n + 7n + 7 ( factor the first/second and third/fourth terms )
3n(n + 1) + 7(n + 1) ← factor out (n + 1) from each term
= (n + 1)(3n + 7) ← in factored form
Answer:
32.5 m
Step-by-step explanation:
A=Bh/2
A=13x5/2
A=65/2
A=32.5
