It would take Curtis 45 minutes to ride his bike to Jean's house.
How much change will Bob get for a $ 5.75 purchase if he uses $ 10.00 to pay for it?
1 answer:
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ANSWER
$1,413.81
EXPLANATION
The compound interest formula is given by:
Where P=900 is the balance in the account, t=10 is the number of years and r=0.0462 is the rate.
We substitute the values in to the formula to get:
This simplifies to:
Therefore $1413.81 will be in the account after 10 years.
This is what the graph would look like
