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Nataly_w [17]
3 years ago
8

Describe how to create equivalent ratios

Mathematics
1 answer:
kicyunya [14]3 years ago
3 0
Since a ratio can also be written to look like a fraction, you can use your knowledge of creating equivalent fractions to this to create equivalent ratios. i.e: 5:10 can be written as 5/10, you can simplify it to 1/2 (1:2) or multiply it by 2/2 to get 10/20 (10:20).
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Future value with annuity:

The future value formula, for an annuity, is:

FV = \frac{P((1+r)^{n} - 1)}{r}

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In this question:

1000 € each year, so P = 1000

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