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notice above, all we did, was isolate the "recurring part" to the right of the decimal point, so the repeating 09, ended up on the right of it.
now, let's say, "x" is a variable whose value is the recurring part, therefore then
now, the idea behind the recurring part is that, we then, once we have it all to the right of the dot, we multiply it by some power of 10, so that it moves it "once" to the left of it, well, the recurring part is 09, is two digits, so let's multiply it by 100 then,
and you can check that in your calculator.
The person would have to leave the money in the bank for 7.8 years for it to reach 13,500 dollars.
Step-by-step explanation:
Step 1; First we must calculate how much interest is generated for a single year. The annual interest rate is 4.5% i.e. 4.5% of 10,000 dollars which equals 0.045 × 10,000 = 450 dollars a year. As the years pass, more and more will be put into the account due to interest.
Step 2; For there to be 13,500 dollars in the bank account we need to calculate how much money is added due to interest.
The money needed to be added through interest = 13,500 - 10,000 = 3,500 dollars.
So we need to determine how long it will take for the bank to add 3,500 dollars by adding 450 dollars a year.
The number of years to reach 13,500 dollars = = 7.777 years. By rounding this value to the nearest tenth, we get 7.8 years.