How do you turn a fraction into a decimal ?

2 answers:

4 0

Step 1: Find a number you can multiply by the bottom of the fraction to make it 10, or 100, or 1000, or any 1 followed by 0s.

Step 2: Multiply both top and bottom by that number.

Step 3. Then write down just the top number, putting the decimal point in the correct spot (one space from the right hand side for every zero in the bottom number)

Ronch [10]2 years ago

3 0

The simplest way is to put it into a calculator. The idea is to divide the top by the bottom. e.g. $\frac{1}{4}$ is equal to .25 because 4 goes into 1 .25 times.

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$35,125 loan, a feat which took ten years of quarterly payments. The loan had an interest rate of 7.44%, compounded quarterly. I

Darya [45]

First find the amount of each payment:
$35,125 = P(\frac{(1+i)^{40} -1}{i (1+i)^{40}}) , i = \frac{.0744}{4} \\ \\ P = 1252.70$

The total cost will be 40 payments plus service charges.
$40*1252.70 + 5180.70 = 55,288.90$

The percentage is the service charge divided by total cost:
$X = \frac{5180.70}{ 55,288.90} = .0937 = 9.37\%$