Answer:
75/99
Step-by-step explanation:
Answer:
interest earned= 292.878
the future value of an annuity= 892.878
Step-by-step explanation:
Given Data:
Interest rate= 5%
time,t = 8 years
Quarterly payment, P= 600
n= 4 as quarterly
At the end of 8 years, final investment A= ?
As per the interest formula
A= P(1+r/n)^nt
= 600(1+0.05/4)^32
= 892.878
Interest earned = A-P
= 892.878-600
= 292.878 !
The answer to this is question is gonna be True!
We can solve this two different ways. I'll do both, and you choose which one makes the most sense:
We can divide the fraction 3/4 by 12. remember, when we divide fractions, we flip the second fraction and change the sign to multiplication:
3/4 ÷12 [starting equation]
3/4 x 1/12 [flip and change sign]
3/48 [now reduce]
1/16 Each step takes 1/16 of an hour.
1/16 x 60 = 3 3/4, or 3.75 minutes
Second way:
3/4 of an hour is 3/4 of 60...45 minutes.
Still, we divide out:
45 ÷ 12 [starting equation]
3 9/12 [divide with remainder]
3 3/4 minutes...3.75 minutes
Y=3x-5
Y=5/4x+3/4
The solution to the equations is in the picture