Answer:
0.45
here's your solution
=>. percent = divided by 100
=> so, 45% = 45/100
=> 9/20
= > 0.45
hope it helps
The answer is 4
The answers is four because 10/3(aka 3 1/3) +2/3=(10 ×3)+ (2×3)/3×3=36/9= 36 ÷ 9/9÷9=4
so the answer is four
So your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.
recall the formula for a compounded continously is
P×e^(r×t)
the answer is 7750×e^(.04×5)
