The account balance after 3 years if the interest is compounded continuously is $5,142.62
<h3>How to find compound interest?</h3>
- Principal, P = $4,700
- Time,t = 3 years
- Interest rate, r = 3%
r = 3/100
r = 0.03 rate per year,
A = Pe^rt
A = 4,700.00(2.71828)^(0.03)(3)
= 12,775.916^0.09
A = $5,142.62
Therefore, the account balance after 3 years if the interest is compounded continuously is $5,142.62
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Answer:
Answer: D. Q(5, −6) and R(−5, 6)
Step-by-step explanation:
The first discounted price is given through the equation,
discounted price = ($3.45)(1 - 0.20) = $2.76
Then, due to the privilege of being a Coles-Myer discount card holder, another 7.5% discount is given. Such that the final price would be,
final price = ($2.76)(1 - 0.075) = $2.553
The total amount saved up is equal to,
$3.45 - $2.553 = $0.897
Answer:
D. 1/3
Step-by-step explanation:
