Keep change flip. You keep the first fraction the same, change the sign to multiplication and flip the second fraction. Example: 3/4 divided by 1/2 would be worked as 3/4 times 2/1
Answer:
The correct answer is a. $2275.28; b. 17.04 years
Step-by-step explanation:
Principal to be invested is $2000
Interest rate (r) per year is 6.5 quarterly.
Interest is calculated compoundly.
a. Time (t) for the investment is given to be 2 years.
Amount after two years is = Principal ×
where the value of n is 4.
⇒ A = 2000 × 
⇒ A = $2275.28.
b. Now the value of A is given to be triple the principal = $ (3 × 2000).
Therefore we need to find the value of t.
⇒ 3 × 2000 = 2000 × 
⇒ ㏑ 3 = 4t × ㏑ ( 1.01625)
⇒ t = 17.04
Therefore it would take 17.04 years for the principal to triple.
20 because when you divide 12 by 3/5 you get 20 use a calculator
Answer:
3 Years
Step-by-step explanation:
7000*22% = 1540
4620/1540 = 3
1540 = the yearly interest
so it will take 3 years of $1540 of interest to get $4620.
Normally you would also have to take into account the interest plus the base varible but since it specifically says 7000 it makes it a simple problem.
hope this helped