____________________________________________________
Answer:
Your answer would be $410.64
____________________________________________________
Step-by-step explanation:
In order to find the amount of money you would have in 3 years, you would have to multiply the principal each time by 15% 3 times.
We would start with our starting allowance, and multiply that by 1.15, and so on:
270 × 1.15 = 310.50
310 × 1.15 = 357.075
357.073 × 1.15 = 410.636
Since we have three numbers after the decimal, we would want to round up to the nearest hundredth because that's how the value of money works. Cents only go up to the hundredths place.
We would round the 6 to the three, in which would make the three turn into 4. When you round, the numbers 1-4 would keep the number before it the same, 5-9 would make the number before it go up by 1.
410.636 would turn into 410.64.
You would have $410.64 dollars in three years.
____________________________________________________
