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3 years ago

Jordan invests £2400 into his bank account.

Mathematics

1 answer:

Alexxandr [17]3 years ago

7 0

Answer: £2760

Step-by-step explanation:

Use the formula: $A=P(1+rt)$ .

A = final amount

P = initial amount invested

r = annual interest rate

t = time (in years)

Insert all values in appropriate places.

$A=2400(1+(0.025)(6))$

Simplify.

$A=2400(1+(0.025)(6))$

$A=2400(1+0.15)$

$A=2400(1.15)$

$A= 2760$

£2760 is the answer.

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================================================

Explanation:

Let's start off converting the mixed number 12 & 1/4 to an improper fraction.

$a \frac{b}{c} = \frac{a*c+b}{c}\\\\12 \frac{1}{4} = \frac{12*4+1}{4}\\\\12 \frac{1}{4} = \frac{49}{4}\\\\$

Do the same for the other mixed number 2 & 1/3.

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From here, we divide the two fractions. I converted them to improper fractions to make the division process easier.

$\frac{49}{4} \div \frac{7}{3} = \frac{49}{4} \times \frac{3}{7}\\\\\frac{49}{4} \div \frac{7}{3} = \frac{49\times 3}{4\times 7}\\\\\frac{49}{4} \div \frac{7}{3} = \frac{7\times 7\times 3}{4\times 7}\\\\\frac{49}{4} \div \frac{7}{3} = \frac{7\times 3}{4}\\\\\frac{49}{4} \div \frac{7}{3} = \frac{21}{4}\\\\$