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Can someone help me please and thanks .

Can someone help me please and thanks .-example-1
User Cheyenne
by
2.7k points

1 Answer

2 votes

Answer:

$180.

Explanation:

First lets find the interest rate.

6.1 ÷ 100 = 0.061

0.061 x $200 = 12.2

based on the calculations, 12.2 is our interest rate in a year. Now lets find the interest rate in 15 years.

12.2 x 15 = $183

So $183 is our precise interest rate in 15 years, but lets round the interest rate to the nearest 10 dollars. Therefore, $180 is our answer.

User John Rice
by
3.5k points