Here' s the equation for one year:
0.025(3000) + 3000
Because it is 5 years:
5(0.025(3000)) + 3000
0.075(3000) + 3000
We can make it simpler:
1.075(3000)
Multiply:
3225
You will have $3225
Answer:
should be 3.07 (when rounded to the nearest hundredth)
Step-by-step explanation:
15(-3 5/8). 15( -29/8). 15 x -29/8. = -435/8. Answer = - 435/8