A loan of $ 16,000 is made at 7 % interest, compounded annually. After how many years will the amount due reach $ 27,000 or more
1 answer:
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The correctly expressed answer is 1.108 × 10⁻² ounces.
<u><em>Explanation</em></u>
The conversion factors are 10³ grams per kilogram, 1 pound per 453.6 grams and 16 ounces per pound.
So, 0.0003140 kilograms =
Now, 1 pound = 453.6 grams
⇒ 1 gram =
So, 0.3140 grams =
Now,
So, 0.0003140 kilograms = 1.108 × 10⁻² ounces.