Answer:
3.7
Step-by-step explanation:
To change a fraction to a decimal, just divide the numerator with the denominator. Instead of placing the remainder over the divisor, continue to solve until it is answered (unless it's a repeating decimal.)
Divide 7 with 10:
7/10 = 0.7
Remember that there is a whole number, 3. Add that to the decimal you have gotten:
3 + 0.7 = 3.7
3.7 is your answer.
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Answer:
$24.35
Step-by-step explanation:
We will use the compound interest formula provided to solve this problem:

<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 1% into a decimal:
1% ->
-> 0.01
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:


Lastly, subtract <em>A </em>from the principal to get the interest earned:

Answer:
The correct answer would be 2
The answer should be the second one