Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
Answer:
3
Step-by-step explanation:
6/2=3
six halves of cookies put the halves into pairs and you get 3
It might be 2.5 but I could be wrong
x = 14
Explanation:
height = x
base 1 = 98
base 2 = 2
Using altitude formula in geometric mean:
base 1/height = height/base 2
98/x = x/2
![\begin{gathered} 196=x^2 \\ \text{square root both sides:} \\ \sqrt[]{196}\text{ = }\sqrt[]{x^2} \\ x\text{ = }\sqrt[]{196} \\ x\text{ = 14} \end{gathered}](https://tex.z-dn.net/?f=%5Cbegin%7Bgathered%7D%20196%3Dx%5E2%20%5C%5C%20%5Ctext%7Bsquare%20root%20both%20sides%3A%7D%20%5C%5C%20%5Csqrt%5B%5D%7B196%7D%5Ctext%7B%20%3D%20%7D%5Csqrt%5B%5D%7Bx%5E2%7D%20%5C%5C%20x%5Ctext%7B%20%3D%20%7D%5Csqrt%5B%5D%7B196%7D%20%5C%5C%20x%5Ctext%7B%20%3D%2014%7D%20%5Cend%7Bgathered%7D)
