Answer:
Step-by-step explanation:
The trick to this is looking at the denominator. If the numerators are the same for all fractions you are comparing then things are going to be a bit easier for comparing them. The one that has the biggest denominator is small and the one with the smaller denominator is a bigger fraction.
hope this makes sense
:)
Given parameters:
Principal = £1300
Interest rate = 5%
Duration = 2yrs
Unknown:
Total amount of Dan's principal = ?
To solve this problem, we apply the equation below:
Total investment worth = Principal + interest
Interest =
where P is the principal
R is the rate
T is the time
Now, input the parameters;
Total investment worth = £1300 + £
= £1300 + £130
= £1430
The amount after two years is £1430
