Answer:
0.7778
Step-by-step explanation:
step 1
Address the input parameters and observe what to be found:
Input values:
The fraction = 21/27
What to be found:
Find the decimal expansion of fraction 21/27.
step 2
The numerator is smaller than the denominator of the fraction 21/27, so find how many 10s should be multiplied with both numerator and denominator. Since the number of digits are equal in both numerator and denominator, multiply 10 with both numerator and denominator of 21/27.
=21
27
x10
10
step 3
Rearrange the fraction as like the below:
=10 x 21
27
x1
10
=210
27
x1
10
step 4
Simplify the above expression further:
=210
27
x1
10
=189 + 21
27
x1
10
= (189
27
+21
27
) x1
10
= (7 + 21
27
) x 1
10
step 5
Repeat the step 2 to find the decimal equivalent for the fraction 21/27 in the above expression:
= (7 + 21
27
) x 1
10
= (7 + 0.778) x1
10
step 6
Simplify the above expression further:
= (7 + 0.778) x1
10
= 7.778 x1
10
=7.778
10
21
27
= 0.7778
Hence,
21/27 as a decimal is 0.7778
Answer:
<em>The deposit required is $6633.62 and the interest earned is $366.38</em>
Step-by-step explanation:
Compound interest occurs when the interest earned is reinvested rather than paying it out. When it happens interest in the next period is then earned on the principal sum plus previously accumulated interest.
The formula is:
Where:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
It's given the final amount A=$7700 after t=3 years of investment in an account that pays an APR of r=5%=0.05. Since the interests compound quarterly and there are 4 quarters in a year, then n=4.
To find the principal P, we solve the previous equation for P as follows:
Substituting:
P=$6633.62
The interest earned is:
I = A - P = $7700 - $6633.62 = $366.38
The deposit required is $6633.62 and the interest earned is $366.38
Answer:
This function doesn't make sense, unless you make it f(t)=225(1.23)^x. I will assume that you forgot to add the x squared. The rate of decay is 23%. Since the base is between 1 and 0, it is an exponential decay and you'll need to subtract the r-value with 1. (If it were an exponential growth, you would have to add 1.) The initial value or the a-value is 225.
What are you confused by?