Calculate the interest in a year
Multiply the annual percentage of interest by the investment to find the interest.
interest in a year = 2% × 1,000
interest in a year = 0.02 × 1,000
interest in a year = 20
The annual interest is $20
Calculate the interest after 10 years
Multiply the annual interest by 10
interest 10 years = 20 × 10
interest 10 years = 200
The sum of interest after 10 years is $200
Find total investment
investment = first investment + interest in 10 years
investment = 1,000 + 200
investment = 1,200
The investment will be worth $1,200 in 10 years
Answer:
3 1/16
Step-by-step explanation:
1) Evaluate 8×6; 3 (3/6*8) = (3/48)
2)Simplify 3/48 into 1/16
3) Answer is: 3 1/16
Meter is 0.5 and the fraction is I think 1/2