Money is invested into an account earning 4.25% interest compounded annually. If the accumulated value after 18 years will be $2
1 answer:
You might be interested in
If the total bill comes to $110.05, we know that we are going to have to take 15% of this for his tip.
So we convert 15% to a decimal by dividing by 100:
Then we multiply this by the amount of the bill:
So if we round this to the nearest cent, we get $16.51.
Therefore, Alberto's tip will be about $16.51.