Unit 3 End-of-Unit Assesment
2 answers:
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Answer:
a) He substituted 0.8 instead of 0.08.
b) $264
Step-by-step explanation:
From the question, the principal is p= $275, the rate is r=0.08, and the time is t=12 years.
We substitute into the formula to get:
a) The mistake is that, he substituted 0.8 instead of 0.08.
b) The correct amount is $264