3 years ago

Compare 1/5 and 0.201

1 answer:

8 0

$We\ convert\ \frac{1}{5 }\ into\ decimal\\\\
\frac{1}{5}=\frac{20}{100}=0,2\\\\\
Now\ compare\ \frac{1}{5}=0,2\ and\ 0,201:\\\\
0,201>\frac{1}{5}$

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How to figure out answer ?

spin [16.1K]

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7 0

3 years ago

I put $500 in a saving account that warns 7% interest compounded quarterly. How much will be in the account after 1 year? Rounde

Fantom [35]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$500\\
r=rate\to 7\%\to \frac{7}{100}\to &0.07\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, thus four}
\end{array}\to &4\\
t=years\to &1
\end{cases}
\\\\\\
A=500\left(1+\frac{0.07}{4}\right)^{4\cdot 1}\implies A=500(1.0175)^4\implies A\approx 535.92951564$