Answer:
The interest rate of the account is 
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for r
![[(2,830.97/1,863)^{1/56}-1]=\frac{r}{4}](https://tex.z-dn.net/?f=%5B%282%2C830.97%2F1%2C863%29%5E%7B1%2F56%7D-1%5D%3D%5Cfrac%7Br%7D%7B4%7D)
![r=4*[(2,830.97/1,863)^{1/56}-1]\\ \\r= 0.03](https://tex.z-dn.net/?f=r%3D4%2A%5B%282%2C830.97%2F1%2C863%29%5E%7B1%2F56%7D-1%5D%5C%5C%20%5C%5Cr%3D%200.03)
Convert to percent
Answer:
50%
Step-by-step explanation:
3 of them walk into a store, giving her a 33.333% chance of winning. By eliminating one, Tina may as well have never walked into the store, leaving Jen with a 50% chance.
We can treat this problem like you regularly subtract fractions. First find the common denominator, which is 15.
So:
5(x+6)/15 = 30/15 + 3(x-2)/15
(5x+6)/15 - (30/15) - (3x - 6)/15
As you already know the answer, I'm assuming you can do the rest.
Hope this helps!
