Answer: $187 will be in the account after 6 years.
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $100
r = 11% = 11/100 = 0.11
n = 1 because it was compounded once in a year.
t = 6 years
Therefore,.
A = 100(1 + 0.11/1)^1 × 6
A = 100(1 + 0.11)^6
A = 100(1.11)^6
A = $187
For the division part:
But I think your question differs than this..
Am I right?
as your options do not include 1
Answer:
6 29/40
Step-by-step explanation:
1/8 times 5 equals 5/40 and 3/5 times 8 equals 24/40 you add them together to get 29/40 which can not be simplified then add 4 and 2 to get 6 so <u>6 29/40 </u>is your answer.
Answer:
6 and 4
Step-by-step explanation:
