What is 3/8 plus 1/12

1 answer:

5 0

first what you have to do you have to find the common denominator which is 24
it's 24 because 8 times 3 equals 24 and 12 times 2 equals 24 so they have a like denominator so what you have to do to the bottom you have to do to the top so 8 times 3 is 24 so 3 times 3 is 9 so the new fraction is 9/24. Then 1/12 12×2=24 and 1×2= 2 so the new fraction is 2/24. that would leave you with the problem of 9/24 + 2/24 which is 11/ 24

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1. Jeremy has $12000 cash to invest in the bank compounded at 4% interest annually.

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Answer:

$A(x) = 12000(1.04)^x$

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

$A(t) = P(1 + \frac{r}{n})^{nt}$

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

$12000 cash

This means that $P = 12000$