A student pays for 8.9 pounds of apples with a $10 bill. How much change does the student receive if the apples are .99 per poun
2 answers:
Answer:
Step-by-step explanation:
Quantity of apples bought by the student = 8.9 pounds
Amount paid by the student for apples bought by the student = 10
If cost of one pound of apples is 0.99 then cost of 8.9 pounds = 0.99 × Quantity of apples bought by the student =
Therefore,
Amount of change that the student receive if the apples are .99 per pound = Amount previously paid by the student for apples bought by the student when the student pays 10 - Amount paid by the student for apples if the apples are .99 per pound =
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Answer:
$7,544.58
Step-by-step explanation:
We will use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, change 3.3% into its decimal form:
3.3% -> -> 0.033
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
The balance after 1 year will be $7,544.58