After three years, your investment would be $575. The formula is A=P(1+(r/n)^(n*t) where A is the final amount, P is the initial balance, r is the interest rate, n is the amount of time the interest is compounded in a year, and t is the amount of time that has passed.
P=500
r= 5% is which converted into a decimal by dividing 5 by 100 which is then 0.05
n= 1 since it is compounded annually
t= 3
Hope this helped.
Answer:15
Step-by-step explanation:
Answer:
$48.30
Step-by-step explanation:
If the dinner was $42.00 and they wanted to give a 15% tip, then to find that start by multiplying 42 by 0.15
42.00 x 0.15 = 6.3
now add $6.30 to $42.00
42 + 6.3 = 48.3
The coefficient is 2, the first number being multiplied by a variable will always be the coefficient.
