Use the compound interest formula to solve this question.
The formula is
A=p (1+r/k)^kt
A future value 3000
P amount deposited?
R interest rate 0.04
K compounded 4 times
T time 5years
Solve the formula for p
P=A÷(1+r/k)^kt
P=3,000÷(1+0.04÷4)^(4×5)
p=2,458.63
Answer:
A real solution in algebra is simply a solution to an equation that is a real number.
for example
If y>0, then x2 = y has two real solution or roots. x = ±√y
If y=0, then x2 = y has one real solution.
The answer is D. i am pretty sure.