The main formula is A=P(1+r/n)^nt, where A=amount of $ in the account at the specified time, P=principal (amount originally invested), r=interest rate, expressed as a decimal number, t=time, in years, of the investment, and n=number of times the account is compounded annually.
In our equation:
P=$11,600
r=7.25%=.0725
t=17 years
n=1 (compounded annually)
A= 11600(1+.[0725/1])^(1*17)
=11600(1+.0725)^17
=11600(1.0725)^17
=11600(3.286654969)
A=$38125.20
The answer is 351/22
Steps:
1. You turn the mixed numbers into improper fractions, your new numbers are 211/11 and 71/22
2. Since your least common multiple would be 22 you do 11 times 2 and 211 times 2. Now 211/11 becomes 422/22
3. You do 422/22 minus 71/22
4. Your answer is 351/22
You list the step by step and you're done.
Do you have an example??
Answer:
Step-by-step explanation:
c/16=3/8
c=3(16)/8
c=48/8
c=6
