A bank offers a savings account which pays 3% interest per year. The amount of money in the account after t years is represented by the expression P(1+i/n)^nt, where P represents the initial amount invested, n represents the number of times per year the interest rate, and t represents the number of years the money has been invested. Which statement describes what happens with the savings account when the interest is compounded monthly instead of yearly?

ian gone lie this got me confused

step-by-step explanation:

7.9m and 4.3°

step-by-step explanation:

let east be +x and north be +y, x = distance * cos θ, y = distance * sin θ  

for 3.5 south, y = -3.5  

for 8.2, x = 8.2 * cos 30 and y = 8.2 * sin 30  

for 15 west, x = -15  

total x = 8.2 * cos 30 – 15 ≈ -7.9  

total y = -3.5 + 8.2 * sin 30 = 0.6  

magnitude = [(8.2 * cos 30 – 15)^2 + 0.6^2)]^0.5  

the magnitude is approximately 7.9 m  

tan θ = y/x = 0.6/-7.9  

the angle is approximately 4.3˚ north of west

yeah i know the problem you need. i am taking it right now. the answer is step 3

~mickey