Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)
Answer:
Step-by-step explanation:
A store has a 20% sale on everything.
So since you are saving 20%, you will only be paying 80% of the original price.
To find the sale price use the following formula:
Sale price = 80% x original price
They told us the original price = 350 AED
This means:
Sale price = 80% x 350
I think it would be easiest to change 80% into a fraction if you don't have a calculator :)
80% =
This means that the
Sale Price= x 350 = 280 AED