Answer:
Step-by-step explanation:
8 x 6 = 48 because you just add a 1
Answer: 1 5/8 is equivalent to 1.625
Step-by-step explanation:
Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:

</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
Answer: 25%
Step-by-step explanation:
595 - 393.75 = 131.25
131.25 (amount of change)/ 525 (original amount) x 100%
= 25%
Answer:
Combine the terms
300 + 70 = 370
5/10 + 8/100
Note that first, you must find common denominators. What you multiply to the denominator, you multiply to the numerator. Multiply 10 to the numerator and denominator of 5/10
(5/10)(10/10) = 50/100
50/100 + 8/100
Combine the terms
50/100 + 8/100 = 58/100
370 58/100 is another way to write it