Okay. The formula for compound interest is P(1 + r)^t, with P = principal, r = percentage rate, and t = time in years. 4.8% is 0.048 in decimal form. We add 1 to that number to get 1.048. Because the amount of time compounded is 7 years, we raise 1.048 to the 7th power. 1.048^7 is 1.388445952. Do not delete this number from your calculator. Now, multiply that number by 12,000 to get 16,661.35142 or 16,661.35 when rounded to the nearest hundredth. There. The value after seven years is $16,661.35.
I think you can divide that number by either 1 or 0
Answer:
0.25
Step-by-step explanation:
It cant become a whole number but it can become a decimal. In order for it to become a whole number such as 1 or 50.0 (you dont have to put the .0 if it has no numbers behind the decimals) you need to have a fraction with the denominator(bottom such as 15/<u>10</u>) smaller than the numerator (top such as <u>15</u>/10) like so 15/10
