Answer:
$814.13
Step-by-step explanation:
Recall that the simple interest formula is a=p(1+rt).
a= final amount (Unknown)
p=starting amount ($780)
r= interest rate (5.25= 0.0525%)
t=time in years (10 months =5/6 years)
Plug numbers into formula:
a=780(1+5.25*5/6)
Solve parenthesis first according to PEMDAS:
a=780(1.04375)
Multiply:
814.125
Round to nearest hundredth (cent):
$814.13
Answer:
Step-by-step explanation:
comparing with equation
<h2>D. Geometric Sequence </h2>
For your question: "Khalid invests $500 in an account that earns 1.5% interest per year, compounded annually. Which of the following is
formed by the amount in his account from year to year?"
The geometric sequence is formed.
Answer:
To answer this question, there needs to be choices provided since the description you provided states "which of the following".
Step-by-step explanation:
