Answer:
$300,000
Step-by-step explanation:
To find 8% of 100,000 all you need to do is multiply 100,000 by .08.
100,000 (.08) = 8,000
The 8,000 accounts for one year, so now you have to multiply 8,000 by 25.
8,000 (25) = 200,000
Now add the initial amount to the additional 200,00 that will be paid to the retirement account.
100,000 + 200,000 = 300,000
The answer is $300,000.
First, we need to turn this into an improper fraction. Therefore we have: 1 1/4 = 5/4 and 4 3/4 = 19/4
Now we multiply across and eliminate as needed.
5/4 * 19/4 = 95/16
Finally, we reduce and convert to a mixed fraction.
16 goes into 95, 5 times with a remainder of 15. Therefore, we can conclude that our answer is: 5 15/16.
