3 years ago

12.5% as a fraction in simplest form

Mathematics

2 answers:

yulyashka [42]3 years ago

7 0

Answer is provided in the image attached.

AVprozaik [17]3 years ago

5 0

<span>12.5% as a fraction in simplest form is 12 1/2

why?

12 is 12 whole so 12
.5 is half of a whole so 1/2 is .5 in simpliest (?how do u spell simpleist?)form
oh yeah in your question:)</span>

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Leah invested $950 in an account paying an interest rate of 1.5% compounded continuously. Assuming no deposits or withdrawals ar

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$\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$950\\ r=rate\to 1.5\%\to \frac{1.5}{100}\dotfill &0.015\\ t=years\dotfill &6 \end{cases} \\\\\\ A=950e^{0.015\cdot 6}\implies A=950e^{0.09}\implies A\approx 1039.5\implies \stackrel{\textit{rounded up}}{A=1040}$