3/8 as a percentage is 37.5%
This is hard to solve when we don't know the visual graph this question is trying to refer from
Answer:
The smallest amount is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
solve for P
Round to the nearest pound she can invest
The smallest amount is
19 is the answer 4+5(3)= 4+15=19