Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
The answer in an improper fraction is
47/36
As a mixed number, it is 1 11/36
Hope you become an expert at this soon :)
I don’t know if that’s what you wanted but I hope I helped ;D (sorry for my bad english)
3^1x3^1/3^1=3
Steps
3x1=3
3x1=3
3/3=3
Hope that helps
Let
x---------> the length of the sides that have the same length in meters
we know that
the perimeter of the figure is equal to
<u>solve for x</u>
therefore
<u>the answer is</u>
Each of the same length side is 
long
