3% = 3/100 = 0,03
When it's compount interest it's 1,03 because you gain 3% more from what you already have.
All you need to do
1,03•2000=2060$ for the first year
And then for the second year, you take the actual amount after one year of 3%
1,03•2060=2121,8
After two years, there will be 2121,8$
There are 2 answers one of them is 1/4 and the other is 25/100 they are both the same and if the answer is in decimals it would be 0.25
I'm not good at graphing, but desmos.com is an online graphing calculator that works really well.
Answer:
Q6: B Q7: D Q8: C Q9: D Q10: A
