Samantha deposits $1,500 into the park street bank. the account pays 4.12% annual interest, compounded daily. to the nearest cent, how much is in the account at the end of three non-leap years?

Samantha will get $1674 after 3 years.

Step-by-step explanation:

The formula of Compound Interest is:

where A = Amount

P = Principle

r = rate

n = Number of Compounding per year

t = total number of year

Here, P = 1500, r = 4.12% = 0.0412, n = 365(Mon-leap years), and t = 3.

Putting all these values in above formula:

⇒

⇒

⇒

⇒ A = 1674

Hence, Samantha will get $1674 after 3 years.

the direct variation says that:

then the equation is of the form is given by:

            where k is the constant variation.

from the given table:

consider any value of x and m(x)=y

x = 2 and m(x)=y = 3

substitute these value in [1]; we have;

divide both sides by 2 we get;

⇒

check:

put x = -1 and m(x) = -1.5

substitute in the equation:

-1.5 = -1.5                   true

therefore, the function m(x) represents a direct variation

graph of this function as shown below:

rotation point l

step-by-step explanation: