Answer:
$13,695.98
Step-by-step explanation:
We can use the continuous compound interest formula to solve:
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 8% into a decimal:
8% -> -> 0.08
Now, lets plug in the values:
The account balance after 10 years will be $13,695.98
Steps:
6 1/4 - 4 3/15 can also be written as 25/4 - 23/5
The LCD of 4 and 5 is 20.
That gives us 125/20 - 92/20.
Now, just subtract the numerators (leave the denominators the same).
That brings us to 33/20, which can be simplified to 1 13/20
Final Answer:
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<u><em>*Please mark brainliest if that helped!*</em></u>