Answer:
41.9 %
Step-by-step explanation:
when you look at the to numbers you will see that the two has a 41.9 % difference.
To answer this kinda question, we gotta tackle it year by year.
By the end of the first year, the tree would grow by 2% = 102% of its original height.
Year 1: 102% x 50 = 51 feet
Year 2: 103% x 51 = 52.02 feet
Hope I helped!! xx
Answer:
Step-by-step explanation:
After one year
A=p(1+r/n)^nt
=2000(1+0.03/12)^12*1
=2000(1+0.0025)^12
=2000(1.0025)^12
=2000(1.0304)
=$2060.8
After two-years
A=p(1+r/n)^nt
=2060.8(1+0.03/12)^12*2
=2060.8(1+0.0025)^24
=2060.8(1.0025)^24
=2060.8(1.0618)
=$2188.157
After three years
A=p(1+r/n)^nt
=2188.157(1+0.03/12)^12*3
=2188.157(1+0.0025)^36
=2188.157(1.0025)^36
=2188.157(1.0941)
=$2394.063
