1.04 ^ 1/12 = 0.086666666
or
1.04 ^ 1/12 = 13/150
Question A: The per capita debt would be $43,888.75.
Per capita means the amount per person. To find this amount, we need to take the total debt and divide it by the number of people.
13,561,623 divided by 309 = 43,888.75
For Question B, you will need to have the other CPI value from the table.
Adding fractions is easy when you get the rules...
10/12 + 6/12...
add the numerator which is the top, and keep the denominator which is the bottom.
10/12 +6/12 = 16/12
change that into a mixed number
16/12 = 1 4/12 which is simplified to 1 1/3
hope this helps
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Answer:
351/1000
Step-by-step explanation:
