"<span>A company will need 40,000 in 6 years for a new addition. To meet the goal, the company deposits money into an account today that pays 4% annual intrest compund quarterly." Let's pretend that the instructions state, "Determine the amount of money that must be deposited upfront so that you will have $40,000 in 6 years."
Use the Compound Amount formula: A = P(1 + r/n)^(nt),
where P is the principal (the amount deposited upfront), r is the interest rate as a decimal fraction, n is the number of compounding periods, and t is the time in years.
Here, $40000 = P(1 + 0.04/4)^(4*6)
$40000
So the upfront $ needed is P = -------------------------
(1+0.01)^24
This comes out to $31502.65 (answer)</span>
Here, 2 1/4 r = 10
9/4 r = 10
r = 10*4 /9
r = 40 / 9
r = 4 4/9
In short, Your Answer would be Option C
Hope this helps!
In order to find what fraction describes this percentage, you first need to know that no matter what percentage you are working with, if you want to convert it into a fraction, put the 35 as the numerator and 100 as the denominator. If you still don't know what I mean, 35 at the top of the fraction and 100 at the bottom. Like this; 35/100. Then, you can simplify it by finding a common multiple between 35 and 100. For example, 5 can be divided into 35 and 100. 35 divided by 5 is 7 and 100 divided by 5 is 20. Your result is 7/20, which can further no more be simplified because there are no more common multiples between the two numbers.
Answer:
Every repeating or terminating decimal is a rational number
Each repeating decimal number satisfies a linear equation with integer coefficients, and its unique solution is a rational number.
