9514 1404 393
Answer:
$20.01
Step-by-step explanation:
In 2004–2012, the interest rate is 0.002%. In 2013, it is 0.004%. In 2014–2021, the interest rate is 0.002%. That is, in the 18 years between 2004 and 2021 (inclusive), the interest rate is 0.002% for 17 of them. The effective account multiplier is ...
(1.00002^17)(1.00004^1) = 1.00038006801
Then the account balance is ...
$20 × 1.00038006801 ≈ $20.01
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<em>Additional comment</em>
The annual interest earned on $20.00 is $0.0004. If the account balance is rounded to the nearest cent annually, at the end of the 18 years, the balance will still be $20.00. Not enough interest is earned in one year to increase the balance above $20. At the end of the 18 years, the amount of interest earned is 0.76¢ (a fraction of a penny) <em>only if there is no rounding in intervening years</em>.
Answer:
the answer is a
Step-by-step explanation:
you times the 1/6 by 2 to get 2/12 then 3/4 by 3 to get 9/12 so all your fractions have the same denominator and the do the rest of the math with the new fractions and the same whole numbers that went with them. hope this helps
Answer:
£33
Step-by-step explanation:
A 10% increase is the same as multiplying a value by 1.1.
30 * 1.1 = 33
