Answer:
Step-by-step explanation:
Examples. A friend asks to borrow $300 and agrees to repay it in 30 days with 3% interest. How much interest will you earn? Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."
Answer:
5/3
Step-by-step explanation:
An improper fraction is a fraction, not in mixed form, where the numerator (top half) is greater than the denominator (bottom half). Since this fraction is 1 2/3, we already have 1 full and 2/3 full. So, since the 1 is full, it means that in fraction form it equals 3/3.
We can finally add the fractions.
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