what is this number? 1,010,020,030,040,050,060,070,080,090,010,020,030,040,050,060,070,080,090,010,020,030,040,050,060,070,080,0
1 answer:
You might be interested in
Namely, how many times does 5/4 go into 95/4? well, let's just divide,
Answer:
$104.19
Step-by-step explanation:
We will use the compound interest formula to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, lets change 5% into a decimal:
5% -> -> 0.05
Now, plug the values into the equation:
After 3 years, Maria will have $104.19