Answer:
Step-by-step explanation:
we know that
The compound interest formula for this problem is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods in years
in this problem we have
substitute in the formula above
Answer:
Yes, he earned a Varsity letter because he played in 61% of the games.
Step-by-step explanation:
To know the percent of games he played out of the total, we can do it by dividing the games he played by the total of games and multiply this by 100% to get the percent of games he played:
We solve:
0.611111*100% = 61.11%
So we know that he earned a letter because he played in 61.11% of the games, more than he needed.