Answer:
1/2 of a pound.
Step-by-step explanation:
Step 1: You take 2 and 1/2 and convert it to an improper fraction.
2 1/2 = 5/2
Step 2: Divide 5/2 by 5.
5/2 / 5 = 1/2
Your answer is 1/2
P=present value of investment = 2800
i=interest per quarter=0.07/4=0.0175
n=number of quarters money invested (to be calculated)
Interest = P[(1+i)^n-1]=500
2800((1+0.0175)^n-1)=500
(1+0.0175)^n=500/2800+1
take log on both sides
n(log(1.0175)=log(1+500/2800)
n=log(1+500/2800)/log(1.0175)
=9.471 quarters
=37.88 months
=37.9 months [ nearest tenth of a month ]
Answer: 5
Step-by-step explanation: 5 isn’t equal to all
