Each year we add 4.5% interest.
4.5% as a decimal is 0.045.
We multiply by 1.045 to add this interest.
(not 0.045, this would just be the interest and wouldn't keep the whole)
To start: $1,000
Multiply by 1.045 for the first year.
Now we have $1,045.
Multiply by 1.045 again for the second year.
Now we're at 1092.025.
We need to round up to the nearest cent...$1,092.03
Answer:
$ 728
Step-by-step explanation:
Amount of Money Cody has = $700
Simple Interest = 4%
As it is know that interest is always given on annually basis so
Amount of profit he have in one year = Money he have right now * interest
=700 * 4%
=
= $ 28
After one year he will have = total money at that time + Profit
= 700 + 28
= $ 728
Ask your teacher that’s all you have to do.
Number 3 is 7
Number 4 is 3
And number 6 is 9
Im sorry I dont know the rest.
I hope this helps.