If you need $3,000 four years from now, how much would you need to deposit into an account that earns 5% interest, compounded an
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The tenth position is the one that goes after the decimal point.
To round a number, you have to take into account the following:
1. If the number that goes after the position we are going to round to is greater than 5, we round to the next number in that position.
2. If the number that goes after the position we are going to round to is less than 5, we round to the same number in that position.
In this case, the number that is on the tenth's position is 4. The number that is after this position is 1, which is less than 5, then we round the number in this positon to 4.
The rounded number would be:
The lost percentage is 25%
The percentage remaining is 75%
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