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:
An event can have a probability of 3/2 is not true
Step-by-step explanation:
The probability of an event happening is between 0 and 1 inclusive.
A probability of 1 means the event is certain to happen or 100%
You cannot have a probability greater than 1 so
An event can have a probability of 3/2 cannot happen
Systems of Linear Equations with Infinitely Many Solutions
A triangular pyramid has 4 triangular faces. If all 4 have the same area, then one of them has area 1/4 of the surface area, 1836. That gives 459 sq ft as the area of one of the triangular faces.
Is there a picture to show it?
