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alisha [4.7K]
3 years ago
11

class="latex-formula">
Mathematics
1 answer:
Ksju [112]3 years ago
3 0

Answer:

\frac{5}{12}

Step-by-step explanation:

The given problem is a subtraction problem between fractions. The first step in a problem like this is to convert both fractions to a common denominator. In other words, multiply both the numerator and denominator of a fraction by the same value such that the denominator of one of the fractions is the same as the other fraction. The numerator of a fraction is the value over the fraction bar, whereas the denominator is the value under it. Multiplying any fraction by a number over itself is the same as multiplying it by one, thus, the equation will remain true, and be equivalent to the original expression.

\frac{13}{12}-\frac{2}{3}

Convert to a common denominator,

\frac{13}{12}-(\frac{2}{3}*\frac{4}{4})

\frac{13}{12}-\frac{8}{12}

Now perform the subtraction, subtract one numerator from the other, remember, do no perfrom any more operations with the denominators,

\frac{5}{12}

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Answer:

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Step-by-step explanation:

Given : ABC Insurance offers an annuity with 4.5% APR for the next 5 years. You decide to invest $1000 each year into this account.

To find : What type of annuity is this?

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Annuity is the form of insurance in which some of the money is paid each year to secure for future.

There are two types of annuity:

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Step-by-step explanation:

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