Answer:
8/9
Step-by-step explanation:
To get a fraction into the simplest form you need to find a common multiple that could divide into both the numerator and the denominator. Then it will decrease.
32 / 4 = 8
36 / 4 = 9
I hope this helps :D
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Step-by-step explanation:
The given is,
Compounds money quarterly
Double your money in 10 years
Step:1
Formula to calculate future investment with compounded quarterly,
...............................(1)
Where, A - Future amount
P - Initial investment\
r - Rate of interest
n - No. of compounding in a year
t - No. of years
Step:2
Let, P = X
A = 2X ( Double your money )
From given, n - 4 ( for compounding quarterly )
t - 10 years
From equation (1)



Take root
root on both side,
![\sqrt[40]{2} = (1+\frac{r}{4} )](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B2%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B4%7D%20%29)





r = 6.992 %
Result:
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
It’s -0.5 because it an integer has to be whole number hope this helps :)
Carissa value after x months=current+amount deposited
louan value after x months=current-amount taken out
carissa depositied=amount per month times x months=80x
louan take out=amount per month tiems x months=60x
when wil amount be equal
se equal
cariss=lousa
250+80x=1230-60x
add 60x both sides
250+140x=1230
minus 250 both sides
140x=980
divide both sides by 140
x=7
find how much that is
250+80(7)=250+560=810
7 months both have $810
Answer:
13.75
Step-by-step explanation:
The expected value of the hourly wage is the sum of the probabilities (percentage of time spent on each job) multiplied by the payoff (money earned) from each possible occurrence (job):
(0.6 × 11) + (0.25 × 19) + (0.15 × 16) = $13.75.