C. $122.10
20 first hour
20+0.1*20 = 22 second hour
22+0.1*22 = 24.2 third hour
24.2+0.1*24.2 = 26.62 fourth hour
26.62+0.1*26.62 = 29.282 fifth hour
Total=$122.10
Answer:
Step-by-step explanation:
the first one
Answer:
Yes
Step-by-step explanation:
With the $875,000 from his input alone he is really close to $1,000,000 and doing simple intrest on the $250,000 is $105,000 a year is he earns 3.5% intrest a month.
So in 5 years he'll have about $1,662,500 using simple intrest but with compound it'd be more like 2mil
Hope this helps!
Whats the expression so you can plug those numbers in.