On the day that Tony was born his grandmother invested $2200 in a certificate of deposit that pays a 3% interest rate compounded annually. How much money will there be in the account on his 16th birthday?

$3530.3541

Step-by-step explanation:

Given that:

Principal = 2200

Interest rate compounded annually (r) = 3%

Time (t) = 16 years

Using the compound interest formula :

A = P(1 + r/n)^n*t

A = final amount

n = number of times interest is applied per period

A = 2200(1 + 0.03)^16

A = 2200(1.03)^16

A = 2200 * 1.60470643909878751793

A = $3530.3541

Hence, amount in account on his 16th birthday will be $3530. 3541

7 ft 6 in means 7 1/2, because 6 in is 1/2 of a foot. 7 ft 8 in means 7 2/3 because 8 in is 2/3 of a foot. 23/3 = 7 2/3. 15/2 = 7 1/2.

23/3   *   15/2   = 57 1/2

step-by-step explanation:

sinn is the total amount of students now and m were the students before, you subtract them both (n-m) and divide that by m. then, since to get a percentage from a fraction you have to multiply by 100, your answer should look like this: n-m/m*100

step-by-step explanation: