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JamenS Group Title

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

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

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

    • 2 years ago
  3. JamenS Group Title
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    ??

    • 2 years ago
  4. Valpey Group Title
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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%

    • 2 years ago
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spraguer (Moderator)
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