Answer:
.85
Step-by-step explanation:
Compound interest formula
Melanie:
Sebastian:
4824.06-4283.21= .85
A retiree invests 3,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year
1 answer:
You might be interested in
Answer:
The final price is $66.
Step-by-step explanation:
This question can be solved by a rule of three.
The initial price was of $120.
Initially, there was a discount of 15%. Then, there is another discount on the initial price. So the total discount is of 15+30 = 45%.
So the final price will be 100-45 = 55% = 0.55 of the initial price.
So
$120 - 1
x - 0.55
The final price is $66.