Please help me with this, I’m having trouble with the equation.
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<span>Because <span>t <span>is given in years and 1.08 <span>= <span>1 <span>+ <span>0.08, the annual percent increase
<span>is 8%.
To find the monthly percent increase that gives an 8% annual increase,
<span>use the fact that
t =
<span><span><span><span>
<span><span><span><span>and the properties of exponents to rewrite the
model in a form that reveals the monthly growth rate.</span></span></span>
</span></span></span></span></span></span></span></span></span></span></span></span></span></span>
<span>is 8%.
To find the monthly percent increase that gives an 8% annual increase,
<span>use the fact that
t =
<span><span><span><span>and the properties of exponents to rewrite the
model in a form that reveals the monthly growth rate.</span></span></span>
</span></span></span></span></span></span></span></span></span></span></span></span></span></span>
To express a decimal number (with a finite decimal expression) in a fraction, you work like this: the numerator is the number without decimale separator (you simply pretend it's not there), while the denominator will be , where n is the number of digits after the decimal separator.
So, in your case, the number without decimal separator is 53, and you have two digits after the decimal separator, so the fraction will be
which is irreducible.