They are either in the tenths place, the hundredths place, or the thousandths place. Multiplying 0.5 by 0.1 will get you 0.05, and multiplying 0.05 by 0.1 will get you 0.005.
Answer:
f
Step-by-step explanation:
Answer:
$1456.25
Step-by-step explanation:
Given data
P= $1,250
t= 3 years
r=5.5%
The compound interest expression is given as
A= P(1+r)^t
substitute
A= 1250(1+0.055*3)
A= 1250(1+ 0.165)
A= 1250(1.165)
A= 1456.25
Hence the amount after 3 years is $1456.25