First year 100x0.05 = 5
Second year 100x0.05 = 5
Third year 100x0.05 = 5
Total interest 15$ for three year + the original amount mean 100
Total after three year
$115
Because the interest not compounded mean : where previously accumulated interest is not added to the principal amount of the current period, so there is no compounding.
Answer:
a
Step-by-step explanation:
Not sure I think maybe its the second choice. Sorry cant be certain.
Answer:
7/8 or 0.875
Step-by-step explanation:
If you want it in fraction form, it's 7/8. If you want it in decimal form, it's 0.875.
Answer:
A
Step-by-step explanation:
