A person invests 3000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how lon
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We have been given the expression
We can rewrite the expression as
In order to simplify the given expression, we can check if we have any common terms in the numerator and denominator.
We can write the term 72 which is in the numerator as
Thus, the expression becomes
We can see that 4 is common in both numerator and denominator. Hence, we can cancel 4. Thus, we are left with
Therefore, we can rewrite the given expression as 54.