Larry accumulated $3,000 in credit card debt. If the interest rate is 10% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to two decimal places.

The amount will be "$3655.21".

Step-by-step explanation:

The given values are:

Principle,

P = $3000

Interest rate,

r = 10% i.e., 0.1

Number of times interest,

n = 4

Time,

t = 2 years

As we know,

⇒

On putting the values in the above formula, we get

⇒    

⇒    

⇒    

⇒     ($)

ratio is 2 : 9

the answer is three

13.5 : 3

3x^3-2x^2+4x-3= -3

x^2+3x+3= 3

-3÷3= -1