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qaws [65]
3 years ago
6

find a bank account balance if the account starts with $100, has an annual rate of 4%, and the money left in the account for 12

years.
Mathematics
1 answer:
babunello [35]3 years ago
4 0

Answer:

160.10

Step-by-step explanation:

y=a(1.growth factor)^x

y=100(1.04)^12

y=100(1.6010)

y=160.10

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Using the percentage concept, it is found that 40% of Alberto’s income is used to pay for his rent and groceries.

<h3>What is a percentage?</h3>

The percentage of an amount a over a total amount b is given by a multiplied by 100% and divided by b, that is:

P = \frac{a}{b} \times 100\%

In this problem:

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Then, the percentage is given by:

P = \frac{1280}{3200} \times 100\% = 40\%

More can be learned about the percentage concept at brainly.com/question/10491646

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