Answer:
1/3 is the answer
Step-by-step explanation:
Amount in compound interest = p(1 + r/t)^nt where p is the initial
deposit, r = rate, t = number of compunding in a period and n = period.
Here,
Amount after t years = 103(1.02)^t
i.e. 1 + r = 1.02
r = 1.02 - 1 = 0.02
Therefore, annual interest rate = 0.02 x 100 = 2%
Answer:
Step-by-step explanation:
B. Karen only
ice cream : $8 a gallon
$8 times 5 equals $40
paperback novels: $8 each
$8 times 5 equals $40
$40 plus $40 equals $80 and Karen is the only one with $80.
