Answer: 28.84
Step-by-step explanation:
7/100 = 0.07
0.07 * 412 = 28.84
Answer:
C
Step-by-step explanation:
1 | 4 6 - 2
4 10
------------------
4 10 8 ← remainder
16 1/10
Because you have 15 and then for 22/20 it is a improper fraction so take 20 away from it to get 2/10 then add 1 to 15 for 16 and then simplify 2/20 to 1/10
Amount in compound interest = p(1 + r/t)^nt where p is the initial
deposit, r = rate, t = number of compunding in a period and n = period.
Here,
Amount after t years = 103(1.02)^t
i.e. 1 + r = 1.02
r = 1.02 - 1 = 0.02
Therefore, annual interest rate = 0.02 x 100 = 2%
