Question

0.65 or 6.5

Answer 1

What would you multiply the initial amount by to get the amount after 1 year?

Answer 2

After 1 year the amount is:
(initial amount) + (6.5% * initial amount)

Does that make sense?

Answer 3

I automatically eliminate A and D, and C doesn't make any sense because 6.5 in decimal form is .065, so it must just mean the percentage it increases by annually (6.5

Answer 4

yes that does,

Answer 5

so I think its b

Answer 6

0.65 ... because it cant be the interest rate

Answer 7

although the growth factor is 6.5% percent

Answer 8

do you agree with me on B

Answer 9

What is 6.5% as a decimal?

Answer 10

.065

Answer 11

So the final amount, after one year, will be

Initial amount + .065 * initial amount,

Right?

Answer 12

yes

Answer 13

If we factor out initial amount, we have:

Final amount = initial amount * (1 + .065)
Final amount = 1.065 * initial amount

Answer 14

wow, I would of never of gotten 1.065

Answer 15

hmm I do see how you got it

Answer 16

do you like medals

Answer 17

*shrugs*