Answer:
$10.83
Step-by-step explanation:
To solve this problem, we need to figure out what 8.25% of $10 is. We can use a percentage formula as shown below:
[tex]P(1+r)[/tex]
P = initial value
r = rate
Now lets plug in the values given in the question:
[tex]10(1+.0825) =[/tex] $10.825 ($10.83 rounded to the nearest tenth)
Your answer is going to be $10.83
