0.20 would be the answer.
The number places on a number go as follows starting at 0. and going to the right
ones, tenths, hundredth
This means that 0.00 is the hundredth place (the bolded 0). Since you round a 9 up one, this makes the 1 in the tenths place go to a 2 and the hundredth go to a 0
For eliminating you need to have a variable that cancels the other out and in this case 2x and -2x do. Then you want to take -3y+9y and add the numbers after the equal sign. -9+3
Interest = 500 x .03 x 4
I = 60
Closing Balance = 500 (p) + 60 (1)
Closing Balance = 560
