I belive it's 32. You have to raise 2 to the 5th power
First, let's divide by 4, since 4 can go into both the numerator and denominator.
56/4 = 14
100/4 = 25
That gives us 14/25.
That fraction can't be reduced further, so the simplest form of 56/100 is 14/25.
Hope that helped!
Answer:
$5,632.45
Step-by-step explanation:
Assuming it is compounded semiannually, A(t) = P(1 + (r/n))^(n*t)
A(4) = 5000*(1 + (0.03/2))^(2*4)
A(4) = 5,000*(1.015)^8
A(4) = 5,000*1.12649
A(4) = $5,632.45
Because it always get pushed around!
