Answer:
3.045%.
Step-by-step explanation:
We are asked to find the corresponding effective interest rate for 3% per year compounded continuously.
We will use effective interest formula to solve our given problem.
, where,
r = Effective interest rate,
e = Mathematical constant,
r = Interest rate in decimal form.
Let us convert given interest rate in decimal form.
Substitute values:
Convert into percentage:
Therefore, the corresponding interest rate would be 3.045%.
The expression for the area of the shaded region is s^2 - pir^2
<h3>Area of composite figure</h3>The formula for calculating the area of the shaded part in the given equation is expressed as:
Area area of square. - area of circle
Since
Area of square = s^2
Area of circle = pir^2
substitute
Area of shaded part = s^2 - pir^2
Hence the expression for the area of the shaded region is s^2 - pir^2
Learn more on area of composite shape here: brainly.com/question/8370446
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