Answer:
1 year: $2060
2 years: $2121.80
3 years: $2185.45
Step-by-step explanation:
Compound interest formula is A = P(1 + 
) where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period, and t is the number of time periods elapsed. In our case, P would be equal to 2000 dollars, r would be equal to 0.03, for 3 percent, and our n value would just be one, so the final equation is:
First, let's evaluate t for 1, as in one year.
= 2000 x 1.03 = 2060
Two years: 2000 * 1.03 squared = 2121.80
Three years: 2000 * 1.03^3 = 2185.45!
Hope this helps!
Step-by-step explanation:
Answer:
The probability of a car being selected will be given by :the number of car required/ the total number of cars
Step-by-step explanation:
Probability is the likelihood of an event occurring.
This is given by : number of required outcome/number of possible outcome
Answer:
(5,4)
Step-by-step explanation:
The answer Its 4.5281 ....etc
