To convert to a decimal, divide by 100.
75 / 100 = .75
Answer:
Step-by-step explanation:
Given that a bank representative studies compound interest, so she can better serve customers. She analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years.
a) the interest if it is computed using simple interest. 12.00
=
dollars
b) the interest if it is compounded annually.
=
dollars
c) the interest if it is compounded semiannually
=
d) the interest if it is compounded quarterly.
=
e) the interest if it is compounded monthly.
=
Answer:
-5120
Step-by-step explanation:
Replace the n in the formula by 6.
a6 = -5(4)^(6-1)
= -5 * 4^5
= -5120