Recognize the place value of the rightmost digit, and write the name of the number that ends in that place.
The third place to the right of the decimal point is the <em>thousandths</em> place. The number between that and the decimal point is 550, <em>five hundred fifty</em>.
1. $350*1.08=$378 2. $378*1.08=$408.24 3. $408.24*1.08=$440.899 4. $440.889*1.08=$476.17 5. $476.17*1.08=$514.26 Ellie need to wait 5 years. She will earn $14.26 after 5 years for own needs.
