If you invest $1,000 in an account paying 4% interest compounded quarterly,lhow much money will you have after 3 years? A.)$1,50
1 answer:
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<h2>QUESTION</h2>
What is 33% of 400?
<h2>ANSWER AND EXPLANATION</h2>To find the percent of a number, you have to change the percent into a decimal or a fraction and multiply by the number.
<h3>DECIMAL</h3>To change a percent into a decimal, remove the percent sign and move the decimal point 2 places to the left.
Now that you have your decimal, multiply by 400:
ANSWER = 132
<h3>FRACTION</h3>To change a percent into a fraction, make the percent number as the numerator(top number) and 100 as the denominator(bottom number) since fractions are out of 100.
Now that you have your fraction, multiply by 400:
ANSWER = 132
<em>If you have any questions, feel free to ask in the comments! :)</em>