A bank offers a loan for $8,000 which earns 4.25% interest compounded annually. What is the correct formula to determine how muc
1 answer:
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Answer:
0.275
Step-by-step explanation:
We want to write 11 out of 40 batters as a decimal.
We can write 11 out of 40 as a fraction to get:
Note that:
This implies that:
This gives us