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:
466 and 286
Step-by-step explanation:
Cigar buzzing some ah rustic pick gn flick so stop rn
Package A = $276 for 12 tickets (2 x 6) // 276 divided by 12 = $23 per ticket
Package B = $336 for 16 tickets (2 x 8) // 336 divided by 16 = $21 per ticket
$23 - $21 = $2
Package A charges $2 more per ticket.
Answer: exponential decay and 18%
Step-by-step explanation: Since what is in the parentheses is less than 1, it is exponential decay