Write the following decimals as fractions in simplest form
1 answer:
You might be interested in
Step-by-step explanation:
Formula for simple interest:
where
a = final amount
p = principal amount
r = interest rate per annum
t = time in years
Now, we are finding a, the final amount, and given,
p = $650
r = 5.5% (5.5/100)
t = 4 years