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JamenS

  • 3 years ago

Evaluate: 100(1 - 0.02)^10. Round to the nearest tenth.

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  1. Valpey
    • 3 years ago
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    It sounds like you are asking what is 98 percent compounded 10 times.

  2. lgbasallote
    • 3 years ago
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    ...or maybe he's really just asking 100(1 - 0.02)^10. rounded to the nearest tenth

  3. JamenS
    • 3 years ago
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    ??

  4. Valpey
    • 3 years ago
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    (1-0.02) = 0.98 or 98 percent. 98 percent compounded twice is 0.98 * 0.98 = 0.9604 or 96%. 98% compounded 10 times or (0.98)^10 is 0.817 or 81.7%

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