If a=c and b=c then a=c this is transitive property
Yes there right the answer is three
<h3>Answer: $26.62 </h3>
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Work Shown:
P = 20 is the amount deposited
r = 0.10 is the decimal form of the 10% interest rate
n = 1 means we compound 1 time per year (annually)
t = 3 is the number of years
Plug those four values into the compound interest formula below
A = P*(1+r/n)^(n*t)
A = 20*(1+0.1/1)^(1*3)
A = 20*(1+0.1)^(3)
A = 20*(1.1)^(3)
A = 20*1.331
A = 26.62
The correct answer is 31. I did it incorrectly the first time, but the answer is 31. :-) Thanks Olivia!
