Answer:
7 9/10
Step-by-step explanation:
First, we need to add 4 2/3 and 5 2/5.
We should begin with converting the fractions into improper fractions.
4 2/3 + 5 2/5= 14/3 + 27/5
Now, we find the common denominator
= 70/15 + 71/15
We can add:
= 141/15
And simplify.
= 9 2/5
Finally, we subtract 1 1/2 from 9 2/5
Your answer is 7 9/10. Hope this helps!
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To find the future value of this investment the formula is
A=p (1+r/k)^kt
A future value?
P present value 1000
R interest rate 0.07
K compounded monthly 12
T time 2 years
A=1,000×(1+0.07÷12)^(12×2)
A=1,149.81