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The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
To know more about Interest
brainly.com/question/13324776
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Answer:
4
Step-by-step explanation:
Given
, substitute the given values into the expression
= 
= 
= 
= 4
We have to determine the relationship between 0.04 and 0.004. The first number, 0.04 is 4 hundredths and the secind number ( 0.004 ) is 4 thousanths. Therefore 0.04 is larger than 0.004. if we divide 0.04 : 0.004 = 40 : 4 = 10. Answer : 0.04 is 10 times greater<span> than 0.004.</span>
1: (-1,2)
2: (2,5)
3: (3,0)
