Answer:
92, 184, 276, 368, 460, 552, 644, 736, 828, 920
Step-by-step explanation:
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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
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Answer:
Table 2
Step-by-step explanation:
We have the tables:
<u>Table 1:</u>
x: 1 2 3 4
y: 2 4 6 8
<u>Table 2:</u>
x: 1 2 3 4
y: 2 4 8 16
<u>Table 3:</u>
x: 1 2 3 4
y: 2 4 7 11
<u>Table 4:</u>
x: 1 2 3 4
y: 2 4 6 10
An exponential growth data set will show a common ratio between y values. Let's look at each of the ratios from each table.
<u>Table 1:</u>
8/6 = 4/3
6/4 = 3/2
Already, we can see that 4/3 ≠ 3/2, which means that this doesn't have a common ratio. So Table 1 is wrong.
<u>Table 2:</u>
16/8 = 2
8/4 = 2
4/2 = 2
The common ratio here is 2, so we know this is correct.
<u>Table 3:</u>
11/7 = 1.57
7/4 = 1.75
Again, we can see that 1/57 ≠ 1.75, so this is wrong.
<u>Table 4:</u>
10/6 = 1.67
6/4 = 1.5
Again, there is no common ratio here, so this is wrong.
The answer is thus Table 2.
