question 3 (multiple choice worth 5 points) (...
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)