Future Value = Present Value*(1 + interest rate)^(# of years)
Future Value = $2,000(1+0.08)^1
Future Value = $2,000(1.08) = $2,160
To find the interest on the loan, we need to do our Future Value - Present Value.
Future Value - Present Value = $2,160 - $2,000 = $160
Well basically the formula for the area of the circle is pi r squared. First you square 3 which is 9 and then you times it by 3.14 which gives you 28.26.Hope this helps!
So allison spent 3/5 meaning she saved 2/5 because 3/5 + 2/5 = 5/5
change the 2/5 into decimals by 2 ÷ 5 = 0.4
multiply $55 with 0.4
55 x 0.4 = 22
so she ends up saving $22