Answer:
$11654 approx
Step-by-step explanation:
Given data
Principal amount = 22300 dollars
Rate= 10.25%
time= 6 years
The expression for the decrease is given as
A=P(1-r)^t-----------Note the negative sign is because of the decrease
substitute
A= 22300(1-0.1025)^6
A=22300(0.8975)^6
A=22300*0.5226
A=$11653.98
Hence the new value is $11654 approx
The answer would be 0.0043478261
The number 2.85 can be writen using the fraction 285/100 which is equal to 57/20 when reduced to lowest terms.
It is also equal to 2 17/20 when writen as a mixed number.
You can use the following approximate value(s) for this number:57/20 =~ 2 6/7 (if you admit a error of 0.250627%)2.85 =~ 2 5/6 (if you admit a error of -0.584795%)2.85 =~ 3 (if you admit a error of 5.263158%)