Answer:
$333.17
Step-by-step explanation:
Use the compounding formula
where A(t) is the amount at the end of the compounding,
P is the initial deposit,
r is the interest rate in decimal form, and
t is the time in years.
Filling in our info:
Simplify a bit to
Raise 1.08 to the 8th power and get
A(t) = 180(1.85093021) and then multiply to get
A(t) = $333.17
62/100 but simplified is 32/50
about $0.14
$4.36 (1/32) =
0.13625 =
In the pic
If you have any questions about the way I solved it, don't hesitate to ask me in the comments below ÷)
look at it