Okie, hope you a new year!
Answer:
$305.9022863 or $305.90 (rounded to 2 decimal places)
Step-by-step explanation:
It is a compound interest, meaning an interest accumulates on an initial amount every period. The formula
A= P(1+R)^n
A= the total amount P=Initial amount R= rate n=time period
P=$100 R=15% or 0.15(decimal) n=8 (years)
A= 100 (1.15)^8
A= 100(3.059022863)
A=305.9022863
Answer:
The third option is the correct option
Answer:
1/6, 2/3, and 3/4
<em>I hope this helps <3</em>
