How much would $200 invested at 6% interest compounded annually be worth after 5 years? Round your answer to the nearest cent. A
1 answer:
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For this case we convert the mixed numbers to fractions:
Now we add the fractions:
We find the least common multiple of the denominators. The l.c.m is 8, then we divide by each denominator and multiply the result by each numerator.
8,375
Thus, the punch recipe implies 8.375 gallons. If we convert to a mixed number we have:
gallons
Answer:
gallons