What is the final amount if 468 is increased by 8% followed by a further 9% increase? Give your answer rounded to 2 DP.

550.93

Step-by-step explanation:

468*1.08*1.09= 550.93

550.93

Step-by-step explanation:

First find the amount after the 8% increase

468 * 08

37.44

Add that to 468

468+37.44

505.44

Now find the 9 % increase

505.44*.09

45.5896

Add this to 505.44

505.44+45.5896

550.9296

Rounding to 2 decimal places

550.93

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

found it xd it ok yt