Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by 
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)
8x3= 24...
there are 3 8 ounces in 28 pounds of dog food...
hope this helps!! HAGD!
Answer:
- principal: $7000
- interest rate: 3%
Step-by-step explanation:
amount repaid = principal + interest
$7840 = principal + $840
$7000 = principal . . . . . . . . subtract $840 from both sides of the equation
___
I = Prt
840 = 7000·r·4
840/(4·7000) = r = 0.03 = 3%
The principal was $7000; the interest rate was 3%.
16 would be the only answer the others are there to confuse you
