7.5minutes/1miles
..............................
<span>Understand that a decimal is any number written in the base-10 system....
Represent decimals using area models.
State the fraction (tenths or hundredths) that is equivalent to a given decimal.
<span>
Compare the values of decimals (tenths or hundredths) using area models and/or a number line.</span></span>
<h3>
Answer: 270.58 dollars</h3>
======================================================
Work Shown:
- A = account value after t years
- P = principal or amount deposited = 800
- r = interest rate in decimal form = 0.06
- n = number of times we compound per year = 1
- t = number of years = 5
So,
A = P*(1+r/n)^(n*t)
A = 800*(1+0.06/1)^(1*5)
A = 1070.58046208
A = 1070.58
After five years, the account will have $1,070.58 in it.
The amount of interest earned is A-P = 1070.58 - 800 = 270.58 dollars.
You would use 1.07 for that
