The answer I believe is false
Formula for Compound Interest: A = P(1 + r/n)^n*t
A = final amount (aka your answer)
P = initial amount (what you begin with)
r = interest rate (as a decimal)
n = number of times per year that the money is compounded
ex. annually: n = 1; semi-annually: n = 2; quarterly: n = 4
t = time in years
Explanation:
1. A = 800(1 + .08/1)^1
2. Because the interest rate is compounded only once a year, the problem becomes very simple and you can get rid of the exponent 1, as this will not affect the answer because any value to the power of 1 is itself. Additionally, you do not have to divide 0.08 by 1, because anything divided by 1 is itself as well.
3. A = 800(1.08), multiply the values using a calculator for accurate answers
4. A = $864
Answer: Edwin will earn exactly $64 in one year with an 8% interest rate, giving him a total of $864
Answer: The correct answer is 4, to emphasize a clear similarity between the Gleasons and the Lins.
Explanation: The author first describes the shallow details of the dinner party: the food, the obvious details, etc. If you don't go deeper, you'll think it is about the differences. But then, he makes the point that serving dinner for your guests is the same in both families regardless of what they serve, just to do your best and hope for it t go that way too. Therefore, the author emphasizes on the similarities among two different cultures of the feeling when eating with friends and not properly on the food or habits.
Coming from a sheriff who i assume has a kind heart. It means there's certain actions that have to take place in order to keep yourself and others safe even though it might not be the kindest or right decision.