Answer: 1902.36
Step-by-step explanation:
When interest is compounded monthly , the formula to find the accumulated amount is
, where P = principal value , r = rate of interest , t = time.
As per given,
r= 24% = 0.24
P= $1500
t= 1 year
Put all value in formula , we get
Hence, he need to pay $1902.36.
The answer is C. $48 for 6 days is 48(6), then subtract the amount of money Rufus will spend, which is 5(32.5), so it's 48(6)-5(32.5)
Answer:
The percentage decrease = 0.9%
Step-by-step explanation:
Using the formula
Percentage Decrease = [ (Initial Value - Final Value) / |Initial Value| ] × 100
= [(9.80 - 9.71 ) / (9.80)] × 100
= [0.09 / 9.80] × 100
= 0.009 × 100
= 0.9%
Therefore, the percentage decrease = 0.9%
