Answer:
1. Less Than
2. Greater Than
Step-by-step explanation:
You know that 1/2 is equal to 4.5/9
So, 2/9 would be less than 1/2.
You know that 1/2 is equal to 5/10
So, 9/10 is greater than 1/2.
Compare each fraction by setting each fraction to the same denominator.
Cole would pay $25.30
Because 23/10=2.3
2.3+23=25.3
Hope this helped
Answer:
there is an economic principle that states that 1 dollar today is worth more than 1 dollar in the future, since an invested dollar could earn interests and gain value.
For example, we can assume a 6% interest rate (0.5% monthly interest rate), and using the present value formula we can determine the present value of $100:
- given to us in 30 days = $100 / (1 + 0.5%)¹ = $99.50
- given to us in 150 days = $100 / (1 + 0.5%)⁵ = $97.54
- given to us in 300 days = $100 / (1 + 0.5%)¹⁰ = $95.13
In order to calculate the value of $100 given to us tomorrow, we would need to determine a daily interest rate = 6% / 360 = 0.00017
- $100 given to us tomorrow = $100 / (1 + 0.00017)¹ = $99.98
since the amount of money is not that large and the interest rate is rather low, the difference in value is not that large. But imagine if you used a 24% interest rate instead of 6% (monthly interest rate = 2%)
- $100 given to us in 30 days = $100 / (1 + 2%)¹ = $98.04
- $100 given to us in 150 days = $100 / (1 + 2%)⁵ = $90.57
- $100 given to us in 300 days = $100 / (1 + 2%)¹⁰ = $82.03
as the interest rate increases, the present value decreases.
553,000 is the answer for rounding up
23/5, 5/2, 31/9, and 19/7
All you have to do is multiply the whole number by the denominator and add the numerator. For example:
5 3/6 5*6 is 30 +6 is 36
therefore the improper fraction is 36/6
