Answer:
a) $3480
b) $4036.8
Step-by-step explanation:
The compound interest formula is given by:

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Suppose that $3000 is placed in an account that pays 16% interest compounded each year.
This means, respectively, that 
So



(a) Find the amount in the account at the end of 1 year.
This is A(1).


(b) Find the amount in the account at the end of 2 years.
This is A(2).

The answer you are looking for is A. 7.00. The cost of the item should be $6.00 as the tax should be $0.48. Making the total cost of the item $6.48.
Answer:

Step-by-step explanation:
Answer:
all right angels are congruent
Step-by-step explanation:
Answer:
0.1463
Step-by-step explanation:
Number of observations = 10
Sample mean = 10.5
Sum of standard deviation = 264.5
X = 14
We are to calculate The leverage statistic for study hour 14 using the data above
= 1/10 + (14-10.5)²/264.5
= 1/10 + 3.5²/264.5
= 0.1 +12.25/264.5
= 0.1+0.04631
= 0.1463 is the leverage statistic for the study