Answer:
D.
Step-by-step explanation:
Firstly, we know it's close to 6.75, so we can compute 6.75*6.75 and the product should be close to whatever's under the . 6.75*6.75 = 45.5625, so we can already answer.
We could also figure out why other answers are bad.
Interest, is an additional money paid for borrowing money. it could be simple or compound interest.
simple interest= p×T×R/100
when interest is compounded annually
F= p(1+r)^t
F= future value
p= principal
r= rate
t= time
compound interest is calculated based on the initial and accumulated interest.
<h2>interest Linda earns</h2><h3>fist year</h3>F= p(n+r)^n
F= 10000(1+0.02)^1
F= 10000×1.02= $10200
interest= 10200-10000
interest = $200
second year
F = 10200(1+0.02)^1
F=10200×1.02= $10404
Interest= 10404-10200
interest= $204
third year
F= 10404(1+0.02)^1
F= 10404(1.02)
F = $10612.08
interest= 10612.08-10404
interest= $208.08
<h2>Bob's interest</h2><h2>I= p×t×R/100</h2>first year
I=10000×1×0.02/100
interest= $2
second year
I= 10000×2×0.02/100
interest= $4
for the third year
I =10000×3 × 0.02/100
interest= $6
<h2>check answer above for final computation</h2>
