Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
The other rational number in the operation given is:
Step-by-step explanation:
To obtain the number in the operation given, we're gonna represent the operation:
Where:
Now we are going to solve r to identify its value in numbers:
As you can see, when we operate, <u>the result is 6/5</u>, and we can prove this multiplying as we had in the original equation, replacing r by 6/5:
In this form, we know the result is correct.
