Hello
The place value of the 5 in 6.85 is in the thousandths place. The 8 would be the tenths place.
have a nice day
<h3>Amount earned after 5 years is $ 9030.5561</h3>
<em><u>Solution:</u></em>
<em><u>The formula for compound interest, including principal sum, is:</u></em>

A = the future value of the investment including interest
P = the principal investment amount
r = the annual interest rate in decimal
n = the number of times that interest is compounded per unit t
t = the time the money is invested
From given,
p = 5000
t = 5 years

<em><u>n = 4 ( since interest is compounded quarterly )</u></em>
<em><u>Substituting the values we get,</u></em>

Thus amount earned after 5 years is $ 9030.5561
Is this algebra?, i can help you with thats the suject
A= 2.5
b= 2
LM/ON= 15
LO/MN= 5
Step-by-step explanation:
50% interest annually.
that means he gets 50% interest of the invested capital every year.
and that means he gets 50% of $70 in one year.
70 = 100%
1% = 100%/100 = 70/100 = $0.70
50% = 1%×50 = 0.7 × 50 = $35
he will earn $35 interest in one year.
as you noticed: 50% simply means 1/2 (as 100% stands for the whole).