Riley is making a trip 100 miles to visit his friend Steve. After traveling for 2 hours at 45 miles per hour, Riley realizes tha
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Expression simplified:
Step-by-step explanation:
The expression that we have in this problem is:
The first type of operation that we have to solve in such expression are multiplication/division.
In this expression, there is only one multiplication, that is:
So we can rewrite the expression as
Now we can evaluate the sum of the similar terms: in this case, similar terms are only 3 and 4, and their sum is
Therefore, the expression can be rewritten as
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The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
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