Answer: 6.8%
Step-by-step explanation:
We need to find both percentage so we can determine the increase.
Finding percentage of $10 return: 1% return
Finding percentage of $78 return: 7.8% return
To find the percent increase we do 7.8%-1.0% = 6.8%
Answer:
$6414
Step-by-step explanation:
Step one
given
Principal=$2,000
rate= 6%= 0.06
Time= 20 years
Required
The final amount
Step two:
The compound interest formula is
A= P(1+r)^t
substituting we have

The amount given to the college is $6414
I am sure the correct answer is x=0.38629436…hope this help you
Answer:
The answer is 2/10 and 2/10
(A)