Answer:
The compound amount is $303.03 .
Explanation:
Formula for compound interest:
Principle amount = $1100
Rate of the interest compounded semiannually :
= R = 9% = 0.09
Number of times interest compounded, n = 
(semi means two times in a year)
Time period = T = 14
The compound amount is $303.03 .
Answer:
10/24
Simplified: 5/12
Explanation:
Well first, let's convert years into months
1 year = 12 months which means 2 years = 24 months
In fraction form we would write this as 10/24
If the question asks for it to be simplified, then simply
Both 10 and 24 evenly fit 2
Therefore, divide both the numerator and the denominator by 2
10 ÷ 2 / 24 ÷ 2
5/12
This can no longer be simplified
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Hope that helps........ (◕‿◕✿)
