The answer to your problem is 28.
Answer:
32.08h
Step-by-step explanation:
1700/53= 32.08h is the time
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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A page of two-dimensional arrays can be thought of as a three-dimensional array. Since 2-dimensional arrays are commonly expressed in tables or matrixes, therefore, if we put these tables or matrices in a page, the collection of matrices in a single page would now be structured into a 3D array.
