Step 1: Find a number you can multiply by the bottom of the fraction to make it 10, or 100, or 1000, or any 1 followed by 0s.
Step 2: Multiply both top and bottom by that number.
Step 3. Then write down just the top number, putting the decimal point in the correct spot (one space from the right hand side for every zero in the bottom number)
Answer:
$7153.03
Step-by-step explanation:
To find the total amount after 3 years, we can use the formula for compound tax:
P = Po * (1+r/n)^(t*n)
where P is the final value, Po is the inicial value, r is the rate, t is the amount of time and n depends on how the tax is compounded (in this case, it is semi-annually, so n = 2)
For our problem, we have that Po = 5000, r = 12.3% = 0.123, t = 3 years and n = 2, then we can calculate P:
P = 5000 * (1 + 0.123/2)^(3*2)
P = 5000 * (1 + 0.0615)^6
P = $7153.029
Rounding to the nearest cent, we have P = $7153.03
Step-by-step explanation:
(2+3)(2-3)
=5×(-1)
= -5
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