Since a % is out of 100 the answer would be 5/100
Answer:
$125.97
Step-by-step explanation:
To answer this question, simply plug the known values into the equation. We know that 100 is the principal (starting amount), 0.08 is the interest rate as a decimal, and t is 3 years.
Now plug in all those values to the given formula: B = p(1 + r)^t
Solve, and you end up with $125.9712, rounded to $125.97