To calculate problems abound about compounding interest use the equation <span>A = P (1 + r/n)^<span>(nt), where A is the future price, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year and t for the total years. To solve, A = 100 (1 + 0.08/1)^(1 x 15) = 317.22.</span></span>
Answer:
3
Step-by-step explanation:
42 divided by 2 equals 21
21 divided by 8 equals 2.625
therefore, sharon must buy 3 packets of cheese.
Answer: 1.08t and (1+8/100)
Step-by-step explanation:
I just did this question