Exponential
The first year, he would earn 8% interest on the $400 deposited, so he'd have $432. The next year, he would earn 8% interest on the interest earned the previous year in addition to the amount deposited, so he'd have $466.56.
His bank balance would follow the compound interest equation which is exponential.
= 400 × 1.08^t
where t is the number of years since the deposit
Answer:
≈ 5.7
Explanation:
Place the dot at the 7th notch after 5
Hope this helps! :)
Answer:
40b
Step-by-step explanation:
25 + 15 = 40
Since the keyword "of" means multiply, we multiply 1/10 by 12.5
So the first step you would do is simplify 1/10 which would calculate to 0.1
Now we multiply 0.1 x 12.5 and the answer would now be 1.25
Hoped this helped. :)