<span>0.01388888888 is your answer
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The answer for Group A. is 0.080 or 0.08
the answer for Group B. 1.07 or 1.070
Answer:
$100.4
Step-by-step explanation:
Compound Interest Formula:
A = P
1 + 
=> A = 100 x ( 1 +
)^1 = 100.4 (If they asked ... interest rate ... per year, if not then depends - most likely to be days and therefore you will need to change 1 year = 365 days and you will also need to change 1 in the formula above to 365, then you will get the right ans)