Answer:
B 100,000
Step-by-step explanation:
10^5 = 100,000
b. Hot Bank pays an interest rate of 3% compounded annually, and the youth group leaves the money in for 5
years.
Answer:
The amount of money you will receive is $927.419
Step-by-step explanation:
Consider the provided information.
A youth group has a yard sale to raise money for a charity. The group earns $800 but decides to put its money in the bank for a while.
We need to calculate the amount of money if hot bank pays an interest rate of 3% compounded annually, and the youth group leaves the money in for 5 years.
Future value can be calculated as:
Substitute PV=800, r=0.03 and n=5 in above equation.
Hence, the amount of money you will receive is $927.419
Answer:
The correct answer is C) 1:151
Step-by-step explanation:
I took the test and I originally put A) 151:1 but that is INCORRECT people!!! The correct answer is C) 1:151, so that being said if you see someone put A as the answer THAT IS WRONG!!
I took the test and got it wrong but now I know the answer so happy test taking (look at the ss)
hope this helps :)