If $17,800 is invested at an interest rate of 8% per year, find the value of the investment at the end of 5 years for the follow
1 answer:
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Change the mixed fractions to improper fractions.
To do this, multiply the whole number part by the denominator. Add that to the numerator. Then write the result on top of the denominator.
You would now have:
Change the division sign to a multiplication sign by turning the second fraction upside down.
That is,
The answer is:
This can be simplified to: