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Sagot :
Answer : $4,400
Ex
11% each year
Total money $8000
How many years : 5
11% x 5 =0.55 or 55%
$8000 x 0.55 = $4400
I don’t know for sure but I hope this helps.
Ex
11% each year
Total money $8000
How many years : 5
11% x 5 =0.55 or 55%
$8000 x 0.55 = $4400
I don’t know for sure but I hope this helps.
Answer: $4467.25
Step-by-step explanation:
Exponential decay problem. 8000(0.89)^5.
100-11 = 89
89/100= 0.89, that is how we got the decimal.
Then, solve.
0.89 * 0.89 * 0.89 * 0.89 * 0.89 = 0.5584059449
0.5584059449 * 8000 = 4467.2475592
Round the decimal part to the nearest hundredth, which is $4467.25.
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