Answer:
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $300
r = 10% = 10/100 = 0.1
n = 2 because it was compounded 2 times in a year(6 months).
t = 3 years
Therefore,
A = 300(1 + 0.1/2)^2 × 3
A = 300(1 + 0.05)^6
A = 300(1.05)^6
A = $402.03
Remark
Don't try and do this all at once. Break it down, otherwise you'll have layers and brackets all over the place.
Step One
Find 23/0.3
X = 23/0.3 = 76.7
Step Two
Now Divide by 20
x1 = 76.7 / 20
x1 = 3.83
Step Three
Take this result and put it over 24
x2 = x1/24
x2 = 3.83 / 24
x2 = 0.1597 <<<< Answer
Answer:
81.2 feet (nearest tenth)
Step-by-step explanation:
2730/10,000 in decimal notation is 0.273
8(8 + X) = 16
64 + X = 16
-64 -64
X = -48
