Taking into consideration that the interest is compound (yearly)
the amount of money gather through the years can be calculated by
A = P (1+r)^(t)
6000 = 5000 (1.03)^t
t = ln(6000/5000)/ln(1.03) = 6.16 ≈ 7
c. 7 years
Answer:
the words are not that clear
To convert to scientific notation, start by moving the decimal place in the number until you have a coefficient between 1 and 10; here it is 3.45. The number of places to the left that you had to move the decimal point is the exponent. Here, we had to move the decimal 4 places to the right, so the exponent is -4.
2340000 = 2.34 x 10^6
0.000034= 3.4 x 10^-5
Answer:
The sum is 2. ...........
