Answer:
$1,229.75
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:

<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, change 3.25% into a decimal:
3.25% ->
-> 0.0325
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:


Lastly, subtract A from P to get the interest earned:

Answer:
In fraction, Balu ate 1/2 of the whole cake
Step-by-step explanation:
Balu and Pumba shared 2/3 of a cake.
Balu eats three times as much cake as Pumba.
So let's take the 2/3 they shared as a whole.
Let's Balu share be x
And pumbs share be y
X = 3y
But x + 3y = 2/3
Since x = 3y
Y = x/3
x + x/3 = 2/3
4x/3 = 2/3
X = (2*3)/(4*3)
X = 2/4
X = 1/2
Balu ate half of the whole cake
In fraction, Balu ate 1/2 of the whole cake