I got the same question and the answer is D) 1.65 billion
You cross multiple to get the same denominator so you can properly divide the fraction
Answer:
I believe its $5492.99
Step-by-step explanation:
First I divided $160 by 3%.
Than I multiplied my answer by 1.03.
Answer:
$7,987.64
Step-by-step explanation:
We know,
A = Pe^(rt)
Here,
A = 11000
interest r = .08
Time t = 4
Now,
11000 = Pe^(.08 * 4)
Or, 11000 = Pe^.32
Or, 11000 / e^.32 = P
Or, 7987.6394 = P
Or, P= 7,987.64
Jerome will have to ask for $7,987.64 to his parents.