The standard compound interest formula is
Future value after x years with an annual interest of i
=Present Value (1+i)^x [which is an exponential function]
for given present value of $360. interest=0.03 (3%) and a total of x years, above equation reduces to
Future value after x years
=360(1.03^x)
Answer:
36 and 6. 2.
Step-by-step explanation:
Answer:
4356
Step-by-step explanation:
<u><em>Don't be a baka</em></u>
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Answer:
0.38
Step-by-step explanation:
First, we convert the fraction to a decimal number by dividing the numerator by the denominator:
3 / 8 = 0.375
There are two parts to the decimal number above:
Integer Part: 0
Fractional Part: 375
Now, we will make the Fractional Part just two digits (nearest hundredth) by using our rounding rules.*
In this case, Rule II applies, so 3/8 (or 0.375) rounded to the nearest hundredth in decimal format is:
0.38
