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Answer:
Yes, she should.
Step-by-step explanation:
5% may not seem like a lot. Lets say she deposits $20 per month. That's $240 a year. Lets also say you keep this for 6 years, you'll have $72 from interest. The more amount she puts in the more she'll gain.
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation
I = 240 × 0.05 × 6 = 72
I = $ 72.00
The simple interest accumulated
on a principal of $ 240.00
at a rate of 5% per year
for 6 years is $ 72.00.
Answer:
20 people. Because 5 already came to the party. 1/3 of his relatives came is 5, so multiply 5 by 3, then add 5. You get 20 people.
Step-by-step explanation:
The answer would be 13.16$
0.94x14=13.16
