The monthly growth rate would be 16.5% divided by 12 which is 1.3%
P = $2000, Rate, r = 6% = 0.06 per year, Time, t = 5 years.
For compound interest compounded annually:
A) Amount, A = P(1 + r)^t
A = 2000(1 + 0.06)⁵
A = 2000(1.06)⁵ ≈ 2676.45
Amount ≈ $2676.45
<span>B) Interest = Amount - Principal </span>
= 2676.45 - 2000 = 676.45
<span>Interest ≈ $676.45<span> </span></span>
Change each fraction into decimal.
1/4 = 0.25
1/6 = 0.166 (countinuing)
0.25 is greater than 0.17 (rounded) by 0.08
1/4 is your answer
hope this helps
Answer:
its a for 6, b for 7, and a for 8
Step-by-step explanation:
heress how i did it ₙₓₙ⁺⁽°⁴₊₋²₆ÜààÆŒ
