Sam invest $8333 into a savings account with a compound interest of 2.7% for 10 years what is Sams balance after 10 years
2 answers:
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❄ Hi there,
let us revise the rounding rules and then, get down to rounding the number.
- If the number you need to round is followed by a number from 0 to 4, you round down.
- If the number you need to round is followed by a number that's 5 or more, you round up.
Now we can start the rounding process.
Reading the problem & the directions, we notice that we need to round to 3 decimal places (3 numbers after the decimal point).
Looking at the fourth number, we notice that it's less than 5.
∴ we need to round down ↡
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