Answer:
$9.60
Step-by-step explanation:
The question above is a simple interest question.
The formula for the amount of money after a given period of time using simple interest is given as:
A = P(1 + rt)
Where
P = Initial Amount saved or invested = $8
R = Interest rate = 5%
t = Time in years = 4
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 8(1 + (0.05 × 4)) = 9.6
A = $9.60
The amount of money that will be in a bank account after 4 years is $9.60
Answer:
$11, $13, $14
Step-by-step explanation:
all of those answers are greater than $9 but less than or equal to $14.
(smaller length measure) to (larger length measure)
3 to 9 or 6 to 18
reduces to 1 to 3 or
