After three years, your investment would be $575. The formula is A=P(1+(r/n)^(n*t) where A is the final amount, P is the initial balance, r is the interest rate, n is the amount of time the interest is compounded in a year, and t is the amount of time that has passed.
P=500
r= 5% is which converted into a decimal by dividing 5 by 100 which is then 0.05
n= 1 since it is compounded annually
t= 3
Hope this helped.
Answer:
43 points
Step-by-step explanation:
a football field is 12 feet, so 12x3=36 and 36+7=43. So if maybe it would be 43? Lemme know if it's right <3. Hope this helped.
This needs a graph to solve
Answer:
6600
Step-by-step explanation:
y = 15000( 1.2) ^ (x/3)
Let x = 6 years
y = 15000( 1.2) ^ (6/3)
y = 15000( 1.2) ^ (2)
y = 15000( 1.44)
y =21600
This is the total amount in the account
We want the profit
Subtract the original amount in the account
21600-15000
6600