A=850×(1+0.08)^(8)
A=1,573.29
Interest 1573.29-850=723.29
The fraction would be 5/1.
1. Set up the long addition.
2 4 7
+3 5 8
_______
2. Calculate 7+8, which is 15.
since 15 is two-digit, we carry the first digit 1 to the next column.
1
2 4 7
+ 3 5 8
________
5
3. Calculate 4+5, which is 9. Now add the carry digit of 1, which is 10. Since 10 is two-digit, we carry the first digit 1 to the next column.
1 1
2 4 7
+ 3 5 8
________
0 5
4. Calculate 2+3, which is 5. Now add the carry digit of 1, which is 6.
1 1
2 4 7
+3 5 8
______
6 0 5
5. Therefore, 247 + 358 = 605.
605
