The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
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Answer: 576.09
Step-by-step explanation:
First number = 5.19.
The second number was 10 times the first number which will be:
= 5.19 × 10
= 51.9
The third number was 10 times the second number. Thus will be:
= 51.9 × 10
= 519
The sum of the numbers will be:
= 1st number + 2nd number + 3rd number
= 5.19 + 51.9 + 519
= 576.09