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17harriss
17harriss 17harriss
  • 25-08-2016
  • Mathematics
Answered

Can you please show working out for $4,000 at 3% for 4 years

Verified Answer :

dalendrk
dalendrk dalendrk
  • 28-08-2016

\(100\%+3\%=103\%\\\\p\%=\dfrac{p}{100}\to103\%=\dfrac{103}{100}=1.03\\\\\$4,000\cdot1.03^4=\$4,679.43\)

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