Answer:
$148.02
Step-by-step explanation:
In the question
Principal = $100, rate(R) = 4% compounded annually, time(T)= 10 years
we know that the formula for compound interest
A= where A is amount
now putting values in the above formula we get
A=
therefore A= $148.024428
rounding off to the nearest penny we get amount as $148.02 and compound interest will be $48.02
its proportionality
60
12 can be broken into 3*4
15 = 5*3
The least factors are
3*4*5 = 60
The lowest common denominator is 60