Shift the decimal points of both 8.7 and 53.07 to the right by 2 decimal places.
(This is needed to convert 53.07 to 5307, since long division must divide by a whole number.)
870/5307
Set up the long division.
5307|870
Therefore your answer should be 0.1639.
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3/4 = .75 so you have to find 75 % of 3/9
100% = 3/9
1% = (3/9)/100
75% = (3/9)/100 * 75 =.25
It is a 1 in 13 chance of drawing at least 1 ace.
Answer: the future value is $1748.4
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1550
r = 4% = 4/100 = 0.04
n = 365 because it was compounded 365 times in a year.
t = 3 years
Therefore,.
A = 1550(1 + 0.04/365)^365 × 3
A = 1550(1+0.00011)^1095
A = 1550(1.00011)^1095
A = 1550 × 1.128
A = 1748.4