Answer:Yes its correct!(good job)
Step-by-step explanation:If you want to doubule check just count the tens carefully and if your still sketchy about it just cir cle the ones you counted hope this helped!
The formula that calculates the compound rate from the given values is ![r = n(-1 + \sqrt[10n]{\frac{P + I}{P}})](https://tex.z-dn.net/?f=r%20%3D%20n%28-1%20%2B%20%5Csqrt%5B10n%5D%7B%5Cfrac%7BP%20%2B%20I%7D%7BP%7D%7D%29)
<h3>How to determine the compound interest rate?</h3>
The compound interest formula is:

Where:
- P represents the principal amount
- r represents the compound interest rate
- n represents the number of times the interest is compounded
- t represents the time in years
- I represents the interest
We start by adding P to both sides

Divide through by P

Take the nt-th root of both sides
![\sqrt[nt]{\frac{P + I}{P}} = 1 + \frac rn](https://tex.z-dn.net/?f=%5Csqrt%5Bnt%5D%7B%5Cfrac%7BP%20%2B%20I%7D%7BP%7D%7D%20%3D%201%20%2B%20%5Cfrac%20rn)
Subtract 1 from both sides
![-1 + \sqrt[nt]{\frac{P + I}{P}} = \frac rn](https://tex.z-dn.net/?f=-1%20%2B%20%5Csqrt%5Bnt%5D%7B%5Cfrac%7BP%20%2B%20I%7D%7BP%7D%7D%20%3D%20%5Cfrac%20rn)
Multiply through by n
![r = n(-1 + \sqrt[nt]{\frac{P + I}{P}})](https://tex.z-dn.net/?f=r%20%3D%20n%28-1%20%2B%20%5Csqrt%5Bnt%5D%7B%5Cfrac%7BP%20%2B%20I%7D%7BP%7D%7D%29)
In this case, t = 10
So, we have:
![r = n(-1 + \sqrt[10n]{\frac{P + I}{P}})](https://tex.z-dn.net/?f=r%20%3D%20n%28-1%20%2B%20%5Csqrt%5B10n%5D%7B%5Cfrac%7BP%20%2B%20I%7D%7BP%7D%7D%29)
Hence, the formula that calculates the compound rate is ![r = n(-1 + \sqrt[10n]{\frac{P + I}{P}})](https://tex.z-dn.net/?f=r%20%3D%20n%28-1%20%2B%20%5Csqrt%5B10n%5D%7B%5Cfrac%7BP%20%2B%20I%7D%7BP%7D%7D%29)
Read more about compound interest at:
brainly.com/question/13155407
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Question
if caviar costs $23.44 a pound, then how much is a quarter of a pound?
Answer:
Hi, There! Frozen is Here to help :)
$5.86 is A Quarter of a pound Is the Correct Answer
Hope this Helps!
