Kenji earned the test scores below in English class.
1 answer:
You might be interested in
Answer: c) 56.2
<u>Step-by-step explanation:</u>
Compare the original rate to the the new rate:
The equation for compound interest is 
, where:
P is the original deposit (or "principal")
r is the rate of the interest (in decimal form)
n is the number of times per year that the interest is compounded
t is the time passed in years
Plugging in your values, we see that the equation becomes
which equals, to the nearest cent, $1218.99, which is answer C.
P is the original deposit (or "principal")
r is the rate of the interest (in decimal form)
n is the number of times per year that the interest is compounded
t is the time passed in years
Plugging in your values, we see that the equation becomes
which equals, to the nearest cent, $1218.99, which is answer C.