Answer:
$24.35
Step-by-step explanation:
We will use the compound interest formula provided to solve this problem:

<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 1% into a decimal:
1% ->
-> 0.01
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:


Lastly, subtract <em>A </em>from the principal to get the interest earned:

Answer:
7 is the y intercept
Step-by-step explanation:
ANSWER(S):
15.51
EXPLANATION(S):
15.51 rounded to nearest tenth is 15
*more than one answer