Simon borrowed $1,000 for 3 years at 5% compound interest rate. How much did he owe after 3 years? Enter your numeric answer, (w
1 answer:
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ANSWER
The simplest form of the ratio
is
EXPLANATION
The ratio given to us is
We can divide each term in ratio by the same number.
To find the ratio in the simplest form we divide the terms in the ratio by their highest common factor, which is
This implies that,
We simplify this to obtain,
The correct answer is C.
Alternatively,
This implies that,
The simplest form of the ratio
is
EXPLANATION
The ratio given to us is
We can divide each term in ratio by the same number.
To find the ratio in the simplest form we divide the terms in the ratio by their highest common factor, which is
This implies that,
We simplify this to obtain,
The correct answer is C.
Alternatively,
This implies that,