Answer:
0.01296
Step-by-step explanation:
I looked it up on this website: https://www.symbolab.com/solver/simplify-calculator/simplify%206%5E%7B-1%7D.6%5E%7B5%7D?or=input
That's the link to the solution, it shows you the steps, and you can look up other <em>simplify </em>questions there. It used to help me a lot.
The annual returns will be calculated as follows:
a] Here we use the formula:
A=p(1+r/100)^n
A=future amount
p=principle
r=returns
n=time
We are given:
A=500, p=400, t=1
Plugging the values in the formula we obtain:
500=400(1+r)^1
simplifying and solving for r:
1.25=1+r
thus
r=1.25-1
r=0.25~25%
b] Using the formula above:
A=p(1+r/100)^n
A=2500+100=2600, p=2000, n=1 year
plugging the values in the equation we obtain:
2600=2000(1+r)^1
simplifying and solving for r we obtain:
2600/2000=1+r
1.3=1+r
hence
r=1.3-1
r=0.3~30%
Are you sure about your solves??
I think correct answer is 6,
I don't know but the standard way is in the photo:
