Y = a (b^x)
1) x = 0, y = 3500
=> 3500 = a (b^0)
=> 3500 = a (1)
=> a = 3500
2) growth percent = 3.5% => growth rate = 1.035 = b
=> y = 3500 (1.035)^ x
3) year 2020 => x = 2020 - 2000 = 20
4) y = 3500 (1.035)^ 20 = 6964
Answer: 6964.
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for P
3
the ans is 3 ---
4
cause blue is 5 times of red.