Since we're doing compound interest for four years it will be simpler than daily.
In case you didn't know the formula, here it is: A = P (1 +r/n)^(nt)
now lets substitute.
A = 500 (1 + 0.03)^4
A = 500 (1.03)^4
A = 500 (1.12550881)
A = 562.754405
Since that decimal is too big for cash, let's round it. Notice that the number after 5 is lower than 5. Thus the first two numbers stay the same and the final answer will be..
A = 562.75
Hope this helps :3
Area of the shaded region=area of the greater rectangle- area of the inner rectangle.
Area of a rectangle=length x width.
Area of the greater rectangle=(8x-1)(6x)
area of the inner rectangle=(5x+3)(2x)
Area of the shaded region=(8x-1)(6x)-(5x+3)(2x)
=48x²-6x-(10x²+6x)
=48x²-6x-10x²-6x
=38x²-12x
Answer: the area of the shaded region would be: 38x²-12x
