It is adding one little percentage of increase here. or, 1.1 each time....hope that this helps.
Answer:
Step-by-step explanation:
<u>Given</u>
- Each deposit = $1500
- Interest rate= 5%
- Time = 4 years
- Compound number = annual
<u>Simple interest account</u>
- B = 1500*(1 + 4*0.05) = 1500*1.2 = $1800
<u>Compound interest account</u>
- B = 1500*(1 + 0.05)^4 = $1823.26
<u>Total balance</u>
- $1800 + $1823.26 = $3623.26
Answer:
75% of the votes were in favor.
Step-by-step explanation:
To find the percent(rate), we use the formula r=p/b
The question is "What percent(rate) of 56 is 42?"
So fill in the formula and it will show as r=42/56, which is the rate will be equal to 42 divided by 56.
Perform the calculations and the result will show 0.75
Convert the decimal to a percent by moving the decimal point two places to the right and you will have 75% as your answer.
Answer:
c.0.13
Step-by-step explanation:
