Answer:
1 year: $2060
2 years: $2121.80
3 years: $2185.45
Step-by-step explanation:
Compound interest formula is A = P(1 + 
) where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period, and t is the number of time periods elapsed. In our case, P would be equal to 2000 dollars, r would be equal to 0.03, for 3 percent, and our n value would just be one, so the final equation is:
First, let's evaluate t for 1, as in one year.
= 2000 x 1.03 = 2060
Two years: 2000 * 1.03 squared = 2121.80
Three years: 2000 * 1.03^3 = 2185.45!
Hope this helps!
Answer:
Step-by-step explanation:
<u>Step 1: Pull a 7 from the top</u>
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<u>Step 2: Factor the bottom</u>
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<u>Step 3: Cancel the top (x+6) and the bottom (x+6)</u>
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Answer:
Answer: D
take 5/15 and simplify to 3/1
11 to 11.2 inches Is an estimate length of a football
Answer:
Need points sorry <3
Step-by-step explanation:
