Answer:
2.0 , 2/1.
1.35 , 1 7/20.
1.52, 1 13/25
0.0003, 3/10000
0.0045, 9/2000
Step-by-step explanation:
1.35 = 1 35/100 = 1 7/20
1.52 = 1 52/100 = 1 13/25
0.0045 = 45/10000 = 1 9/2000.
1) with this exercise you have the following data , initial capital C = $ 2,658 , rate of interest i= 9 % , time in years of n = 15
2) with the formula M = C(1+i) ^n, can obtain the account balance M, at 15 years
M = 2,658(1+0.09)^15 = $9,681
