Find 94% of 90! Do not round your awnser. Show your work

1 answer:

4 0

The answer would be 84.6

You multiply 94 and 90 and then add a decimal point since you can’t go over 90.

That’s how I do it mentally.

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2 years ago

3. A savings account has a 3% interest rate. (a) Complete the ratio table shown. Show your work. Deposit ($) 100 50 300 Interest

blsea [12.9K]

We all know, savings account have "Compound Interest"

So, Here, On $100 deposit, amount of Interest = $12

So, for $50, it would be: $6

Then, for $300, it is: $36

b) If you deposit $200, then balance after 1 year,
A = P(1 + r)^t

A = 200(1 + 0.03)^1

A = 200(1.03)
A = $206

Now, Balance with $150
A = 150 (1 + 0.03)^1
A = 150(1.03)
A = 154.5

Difference = 206 - 154.5 = $51.5

In short, Your Answer would be: $51.5

Hope this helps!

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Step-by-step explanation:

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