Felix has $50 in a savings account that earns 5% interest, compounded annually. To the nearest cent, how much interest will he e
1 answer:
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Answer:
or 2.75, depending on what you need.
Step-by-step explanation:
- Subtract $269 by the service fee ($60). This will be $209.
- Divide $209 by $76 to calculate hours. This will be 2.75.
- (optional) We know that 0.75 is
, so let's take 2.75 and convert it into
. This is your answer.