How many grams are in 3 pounds
1 answer:
You might be interested in
Answer:
$1,577.74
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
<em>A = total </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal) </em>
<em>t = time (years) </em>
<em />
First change 3% to its decimal form:
3% -> -> 0.03
Next, we can plug in the values into the equation:
The last step is to subtract 8,000 from 9,577.74:
The total interest earned is $1,577.74