1/8 as a decimal would be 0.125
Please correct me if im wrong but i think the answer is option 2
Answer: $1114.91
Step-by-step explanation:
The formula for compound interest is

Where
A = final amount
P = initial principal balance (1030 for this)
r = interest rate (0.04 for this)
n = number of times interest applied per time period (2 for this)
t = number of time periods elapsed (2 for this)

This rounds up to $1114.91
Answer:
Decreased by 40%!
Step-by-step explanation:
At first it goes down by 10%, then 30%, so you just add them together and get decreased by 40%.