Yep, the answer is 1,000,000. To explain the process of how the answer is figured out, the 9 next to the 9 in the hundred thousand's place tells us that we need to round up. So, we'd be rounding up to 1,000,000. Hope this helped you understand it :)
Since this is a compound interest problem, you have to take note that the amount Catherine will get per year is not the same. It will increase per year since it is compounded. So first, we get the amount after one year. This will be 7000 x 0.04 which is 280 plus 7280. In the second year, she will get 7571 (7280 x 0.04 + 7280). In the third year, she will get 7874 (7571 x 0.04 + 7571). In the fourth year, she will get 8189 (7874 x 0.04 + 7874). And finally in the fifth year, she will get 8517 (8189 x 0.04 +8189). So after five years, she has 8517
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1/2 (8+4)= 6
1/2(-1+4)= 1.5
1/2 (2+4)= 3
1/2 (4+4)= 4
So the correct answer would be A(8)
X=3/56 Hope My Answer Helps You (:
