Annabelle read 10 books in 2 months. What was her rate of reading, in books per month?
2 answers:
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Answer:
$412.92
Step-by-step explanation:
You are going to want to use the compound interest formula, which is shown below.
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
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The first step is to change 4% into its decimal form:
4% -> -> 0.04
Now plug in the values:
It would be worth $412.92
I have answered your question in the image above I hope this helps.
