Answer:
220/260 and 221/260
Step-by-step explanation:
multiply 11/13 by 20/20 and 17/20 by 13/13
Answer:
y = 7
Step-by-step explanation:
Solve for y:
7/y = 1
Take the reciprocal of both sides:
y/7 = 1
Multiply both sides by 7:
Answer: y = 7
Answer:
10 times
Step-by-step explanation:
Answer:
$541.22
Step-by-step explanation:
We are given;
Amount deposited (principal) is $500
Rate of interest is 4%
Time = 2 years
We are required to determine amount in the account after 2 years
Interest periods, n = 4 (since the money was compounded semi-annually)
rate of interest, r = 2%
Using the compound interest formula;
Amount, A = P (1 + r/100)^n
Therefore;
Amount = $500 (1 + 2/100)^4
= $500 × 1.02^4
= $541.22
Therefore, the balance in the account after 2 years is $541.22
