suppose that you put $2,500 into a retirement account that grows with the interest rate of 5.15% compounded once each year after
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Answer is 12/15 x 5/9 = 4/9
Step by step: first cross cancel to make your numbers to multiply smaller.
I divided 12 and 9 by 3 and 5 and 15 by 5, see attachment.
Then I multiplied across
Answer is 4/9
Step by step: first cross cancel to make your numbers to multiply smaller.
I divided 12 and 9 by 3 and 5 and 15 by 5, see attachment.
Then I multiplied across
Answer is 4/9