The account balance after 3 years if the interest is compounded continuously is $5,142.62
<h3>How to find compound interest?</h3>
- Principal, P = $4,700
- Time,t = 3 years
- Interest rate, r = 3%
r = 3/100
r = 0.03 rate per year,
A = Pe^rt
A = 4,700.00(2.71828)^(0.03)(3)
= 12,775.916^0.09
A = $5,142.62
Therefore, the account balance after 3 years if the interest is compounded continuously is $5,142.62
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Answer: The answer is 25.
..................(1x+14y)4
The answer is 62/95. You determine this by calculating the probability of both students being girls.
Probability first student is girl: 12/20
Probability second student is girl: 11/19
Multiply 12/20 * 11/19 = 132/380 or 0.347
Probability of both students not being girls: 1 - 0.347 = 0.653 or 62/95
