Answer:
About $735.03
Step-by-step explanation:
The compound interest formula is A=P(1+r/n)^nt
P is the original amount (principal)
r is the rate
n is the number of times compounded (1 for this one since it is annual)
and t is the time compounded
There are 6 (five sixteenths) in 1 and (seven eighths)
Answer:
they are equal
Step-by-step explanation:
