<h3>Answer: 787.25 dollars</h3>
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Work Shown:
A = final amount after t years = 1000
P = initial deposit = unknown
r = interest rate in decimal form = 0.08
n = compounding frequency = 12
t = number of years = 3
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A = P*(1+r/n)^(n*t) is the compound interest formula
1000 = P*(1+0.08/12)^(12*3)
1000 = P*1.27023705162066
1.27023705162066P = 1000
P = 1000/1.27023705162066
P = 787.254629932364
P = 787.25 rounding to the nearest penny
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note: this assumes that the interest rate stays at 8% the entire three year period; also, you cannot withdraw any money from the account during this time period.
<span>How
the value of 8 in 880 related
=> 880 = 8 hundreds 8 tens
=> This given number is a whole numbers, thus the value of 8 in the hundreds
place is ten times larger than the 8 In the tens place. How?
Try multiplying 8 tens by 10
=> 8 tens = 80
=> 80 x 10
=> 800
When 80 is multiplied by ten the answer is 800 and when 800 is divided by 10
the answer is 80.
That concludes that there’s 10 times difference between the two 8s in the given
number.</span><span>
</span>
When in doubt guess C. Always works for me
D is not a terminating decimal because it repeats *hint the dash mark above the 4*
Recheck the answer with your teacher.