Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
The answer would be False.
Answer:
wheres A
Step-by-step explanation:
Answer:
m=2 and n=3
Step-by-step explanation:
<u>Step</u> :-
Given ![[ 2 x^{n}y^{2} ]^m = 4 x^6 y^4](https://tex.z-dn.net/?f=%5B%202%20x%5E%7Bn%7Dy%5E%7B2%7D%20%5D%5Em%20%3D%204%20x%5E6%20y%5E4)
using algebraic formula 
now
now equating 'x' powers, we get
....(1)
now
Equating 'y' powers ,we get
2 m=4
m=2
substitute m= 2 in equation (1)
we get
2 n=6
n=3
verification:-
substitute m=2 and n=3 , we get
both are equating so m= 2 and n=3
