Compound interest formula = total = P(1+r/n)^nt
Where P = is the intial amount invested
r is the interest rate, n is the number of compounding periods per year and t is the number of years.
Total = 15000(1+0.065/1)^7
Total = 15000(1.065)^7
Total = $23,309.80
Can you post a more clear picture
Answer:
He solved 75% of the puzzles!
Step-by-step explanation:
Okay, let's look at our fraction 18 out of 24. We can see that they are both even numbers, so at worst, we can divide the entire fraction by two. However, they have a GCF of six, so we will use that.
18 3
---- divided by 6 = ----
24 4
Now that we have the fraction 3/4, we can turn that into a percentage!
3/4 is 0.75. To get the percentage, we multiply that by 100--now we have 75%.
