mary687 mary687
  • 25-05-2022
  • Mathematics
contestada

PLEASE HELP ILL GIVE BRAINLIST OR WHATEVER

PLEASE HELP ILL GIVE BRAINLIST OR WHATEVER class=

Respuesta :

rohinghiyauk rohinghiyauk
  • 25-05-2022

Answer:

1) $181.40

2) $100

3) $81.40

Step-by-step explanation:

Interest rate is 1.5% which mans that the decimal multiplier is 1.015.

1) To find for 40 yrs we do:

40 yrs = 100 x [tex]1.015^{40}[/tex]

           =  $181.40

2) He contributed $100

3) He gained $181.40 - $100

   = $81.40

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