Suppose an individual's retirement account with a balance of $165,000 is transferred to a new investment plan that pays 8% interest compounded annually. How much will the account be worth after 3 years? (Remember, the formula is A = P(1 + r)t.)
E) distributive property
Because you are distributing the 3 to 2/5x and 7/5y
3% of 10%, that's .003 I'm pretty sure
