Answer:
Noah ran faster noah ran 8 and 1/3 in 1 hour
Step-by-step explanation:
Since this is a compound interest, we will use this formula: A = P(1+r/n)^n*t
P = $1000 --> the amount that we start with
r = 8% --> this is the rate
n = 4 --> This is because it is compounded quarterly.
t = 5 --> the amount of years
A = 1,000.00(1 + 0.02)^(20)
So our final value after inserting those numbers in the equation is: $1,485.95.
Answer:
you need to multiply 4 by 5
·1/5n becomes 4/20n
·Leave 3/4 alone
·7/10n becomes 14/20n
·Combine like terms: 14/20n + 4/20n = 18/20n
·Simplify 18/20 to 9/10
·Final Answer : 9/10 - 3/4
Hope this helps you out in future problems!
