Eliana opened a savings account and deposited $300.00. The account earns 13% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?

Step-by-step explanation:

Use below compound interest formula and the given data.

F- future amount, P- invested amount, r - interest rate, n - number of compounds, t- time

Given:

Find the amount after 3 years:

7. 153.86 ft

8. 12.56 ft

9. 78.5 m

10. 379.94 in

11. 132.665 m

12. 12.56 yd

13. 226.865 ft

14. 113.04 ft

15. 63.585 ft

16. 254.34 m

17. 50.24 cm

step-by-step explanation:

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$53.50

step-by-step explanation:

you have to subtract the amount of money chuck earned ($72.50) by the cost of the gas for the mower ($11.25) and the new string for the trimmer he bought ($7.75).

72.50-11.25=61.25

and then subtract $61.25 by the second thing he bought (the new string for the trimmer)

61.25-7.75=53.5

so in total it's $53.50 (53 dollars and 50 cents)