What does this mean 3^4

2 answers:

4 0

3^4 means 3 to the 4th power.
This means that you would multiply 3 by itself 4 times
It would look like this...3*3*3*3
3^4=81

Alex73 [517]2 years ago

3 0

Hello!

When a number is "powered" by another number, it usually means to multiply itself by the amount of times the powering number is worth. For example, when 3 is powered by 4 (3^4) it means that you need to multiply 3 by itself 4 times. So...

3*3*3*3

One you've powered 3 by 4, your answer should be 81

I hope this helps!

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Suppose you want to get a loan for $ 5 , 000 at an interest rate of 5.3 % for 2 years to be paid back in 24 monthly installments

swat32

Answer:

monthly payment = $56.445

Step-by-step explanation:

given data

loan = $5000

interest rate r = 5.3 % = 0.053

time t = 2 year = 24 months

solution

we will use here amount of the monthly payments formula that is

monthly payment = principal × $\frac{r}{1+(1-r)^{-t}}$ ................1

put here value and we get

monthly payment = 5000 × $\frac{0.053}{1+(1-0.053)^{-24}}\\$

monthly payment = $56.445

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