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
No 20.0000004 cannot be rational.
Group A
Money spent by Person 1 = £500
Money spent by Person 2 = £600
Money spent by Person 3 = £900
Money spent by Person 4 = £450
Sum of money spent by group A = £2,450
Average money spent by group A = 
⇒ Average money spent by group A = £612.5
Group B
Money spent by Person 1 = £700
Money spent by Person 2 = £500
Money spent by Person 3 = £680
Money spent by Person 4 = £500
Sum of money spent by group B = £2,380
Average money spent by group B = 
⇒ Average money spent by group B = £595
Hence, Group B had lower average spend.
Answer:
Y=1/3
Step-by-step explanation:
X=k/y
So let's make k the subject of formula
k=xy
x=1,y=5
So let's substitute
k=1×5
k=5
So we are to determine the value for y when x is 15
So let's solve
Y=k/x
Y=5/15
Y=1/3
Y=0.333333~0.3
Divide the silver present in the bar by the total weight of the bar to find the percentage of silver in the bar.

Multiply this decimal by 100 for the percentage.

Rounded to the nearest tenth
, 71.4% of the weight of the bar is silver.