Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

What is the interest earned at $700 at 8% for 6 years

Sagot :

tpp034
These problems are very confusing. I had one too. My math book has this example if it will help:

Amelia takes a taxi from the airport to a hotel. The fare is $31.50. Suppose she wants to tip the driver 15%. What would be a reasonable amount of tip for the driver?

$31.50 is about $32
15% = 10% + 5%
10% of $32 is $3.20  Move the decimal point 1 place to the left
5% of $32 is $1.60
So, 15% is about 3.20 + 1.60 or $4.80
A reasonable amount for the tip would be $5. Hope this helps. I'm stuck on a similar problem, so I can't solve it. :(
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.