The answer is $1,026.
Solving: Use Simple interest formula, I=Prt.
Make the rate into a decimal (1.6% -> 0.016)
plug in the numbers into the formula. 950 x 0.016 x 5 = 76$.
76$ will be our interest, now to find the balance we would have to add the the starting money (950) with our interest (76$), resulting in our answer of $1,026 after 5 years.
Answer:
4/5=24/30
Step-by-step explanation:
If we know we must multiply 5 by 6 to get 30 as the denominator, we must also multiply the numerator by 6 to get an equivalent fraction. Four multiplied by six is 24.
As you probably know, the term <em>divided </em>designates to the mathematical operation division. So, to express such expression, simply divide p by 6:
p/6