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:
2500 pence (C = 2500)
Step-by-step explanation:
From the given information, t is the number of texts so essentially you will plug in the number of texts provided (150) in the place of the variable t.
Apply the same thing to minutes, plug in the number of minutes (50) in the place of the variable m.
Now multiply the substitutes with the co-efficient.
(10*150=1500 & 20*50=1000)
Add the addends
C = 2500
isosceles trapezoid
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Answer:
50/50. there is no outside force that decides otherwise
