We use the formula:
Total = Principal * e ^ (rate * years)
Total = 1,500 * e ^ (.03 * 15)
Total = 1,500 * e ^ .45
Total = 1,500 *
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1.5683121854
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Total =
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2,352.47
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Um division divide the letters
.21 as a percentage is 21%
You can divide 7.98 by 21 then multiply by 100 which gives you an answer of 38.
Hope this helps :)
x = -6 is the equation for this question.
The second option! Hope this helps!