Kellie has built her savings account to $7,800. She is transferring it to an account that earns 5.5% interest, compounded monthly. What will the balance of the account be in 16 years?
To round 0.866 to the nearest tenth consider the hundredths' value of 0.866, which is 6 and equal or more than 5. Therefore, the tenths value of 0.866 increases by 1 to 9.
