Answer:
$700 Deposit account that earns 1.8% per year . what happened after 6 years??
1.8 x 6 = 10.8%
75.6
75.6 is 10.8% of 700
Explanation:
What is 10.8% of 700?
Y is 10.8% of 700
Equation: Y = P% * X
Solving our equation for Y
Y = P% * X
Y = 10.8% * 700
Converting percent to decimal:
p = 10.8%/100 = 0.108
Y = 0.108 * 700
Y = 75.6