Calculate the annual interest for a $10,000 Treasury bond with a current yield of 3% that is quoted at 106 points.
1 answer:
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Answer:
7/40 feet
Step-by-step explanation:
Solve using proportions:
Find the scale factor by dividing the numerators 25 by 1/8.
25 ÷ 1/8 = 200 This is the common ratio
To get from the top left number to the top right number, you divide 25 by 200.
To get from the bottom left number to the bottom right number, you divide 35 by 200.
35 ÷ 200 = 0.175
1/8 of an inch represents 0.175 feet.
To find 0.175 in fraction form, reduce 35/200 to its lowest terms.
35/200 = 7/40
1/8 of an inch represents 7/40 feet.