Bethel decides to invest $3000 into a registered plan which will return 5% of the original amount paid back to Bethel annually. When the registered plan ends, the
original $3000 is returned to Bethel along with all the interest earned.
a. Is this an example of simple or compound interest? How do you know?​

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!

step-by-step explanation: s

0.038

step-by-step explanation: