No, .01 is farther from being 1 than .1 is.
The answer is 9 I believe
8 5/12 because you have to get the 3 fractions denomenators to be the same. so 3, 4 and 2 all go into 12 then you need go multiply the top by the same number as the bottom
Answer:
£2,121.80
Step-by-step explanation:
To solve this problem, we can use the compound interest formula:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 3% into a decimal:
3% -> -> 0.03
Now, plug in the values:
Your answer is £2,121.80
It would be $57 weekly, and when you multiply that by 4, you get $228/month