Myron put $5000 in a 2-year CD playing 3% interest, compounded monthly. After 2 years, he withrew all his money. What was the am
2 answers:
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Answer:
Step-by-step explanation:
Convert to a decimal
Step 1. Reduce the fraction to its lowest terms.
Divide both numerator and denominator by their greatest common factor (12)
Step 2. Convert the denominator to a power of 10
Multiply both numerator and denominator by 2.
Step 3. Divide the numerator by the denominator
Dividing by 10 moves the decimal point one place to the left.