Answer:
The amount becomes $6964.53 after 3 years .
Step-by-step explanation:
Formula
Where P is the principle , r is the rate of interest in the decimal form and t is the time in the years .
As given
Earl invested 6,000 in a money market account that pays 5% interest quarterly for 3 years .
P = $6000
5% is written in the decimal form.
= 0.05
r = 0.05
t = 3 years
Putting all the values in the formula
Therefore the amount becomes $6964.53 after 3 years .
The correct answer is x=3
Step-by-step explanation:
I see two ways to do it.
First, you have to understand that when you see a 'complex fraction' like this, the top number is a numerator, and the two bottom numbers are both denominators.
Way-1:
Take the top fraction . . . 2/2 . That's equal to 1 . So the whole thing is <em>1/3</em>.
Way-2:
Multiply the bottom two denominators. Then the whole thing is 2/(2·3) . That's the same thing as 2/6 . Simplify that, and you have <em>1/3</em> .
It is 100 plus 0 plus 9 plus 0.3 plus 0.06 plus 0.001