question 3 (multiple choice worth 5 points) (02.01 lc) why might a person donate money to an organization…

question 3 (multiple choice worth 5 points) (02.01 lc) why might a person donate money to an organization focused on curing a deadly disease? to be part of a solution to be tax free this year to satisfy receive discounts at a store to satisfy a requirement question 4 (multiple choice worth 5 points) (02.04 hc) carmen deposits $7,500 in a savings account with 5.25% interest compounded annually. after three years, approximately how much money will be in carmens account? $8,307 $8,681 $8,744 $8,947

question 3 (multiple choice worth 5 points) (02.01 lc) why might a person donate money to an organization focused on curing a deadly disease? to be part of a solution to be tax free this year to satisfy receive discounts at a store to satisfy a requirement question 4 (multiple choice worth 5 points) (02.04 hc) carmen deposits $7,500 in a savings account with 5.25% interest compounded annually. after three years, approximately how much money will be in carmens account? $8,307 $8,681 $8,744 $8,947

Answer

Question 3

Brief Explanations:

People often donate to feel they are contributing to solving a problem like curing a deadly disease. Tax - free status, store discounts, or requirements are less common primary motives for such donations.

Answer:

To be part of a solution

Question 4

Explanation:

Step1: Recall compound - interest formula

The compound - interest formula is $A = P(1 + r)^t$, where $P$ is the principal amount, $r$ is the annual interest rate (as a decimal), and $t$ is the number of years. $P=$7500$, $r = 0.0525$, $t = 3$

Step2: Substitute values into the formula

$A=7500\times(1 + 0.0525)^3$

Step3: Calculate $(1 + 0.0525)^3$

$(1 + 0.0525)^3=(1.0525)^3=1.0525\times1.0525\times1.0525\approx1.16629$

Step4: Calculate $A$

$A = 7500\times1.16629\approx8747$

Answer:

$8,744$ (closest value among the options)