Answer:
$14.12 (after 3 years) and $24.62 (after 5 years)
Step-by-step explanation:
Use the compound amount formula (assuming annual compounding):
A = P(1 + r)^t
Here A = $100(1 + 0.045)^3 (after 3 years)
= $100(1.045)^3 = $114.12.
The interest earned (alone) would be $14.12.
After 5 years:
Here A = $100(1 + 0.045)^5 (after 5 years)
= $100(1.045)^5 = $124.62
The interest earned (alone) would be $24.62.
6750
7,14,21,28,35,42,49,56,63,70
18,36,54,72,90,108,126,144,162,180
Yes, this is a polynomial. It is an expression containing variables raised to a real number.
In this case, the variables are being raised to the power of one.
The degree of this polynomial, thus, is one.
