14.5% = 0.145
Step-by-step explanation:
The term 'percent' (%) actually means per 100. So when you say 14.5% it means 14.5 per 100. So when you put that into an equation it actually means:
So when you solve it, 14.5% is actually 0.145 and not 14.5.
Your friend is then incorrect because:
14.5% ≠ 14.5
9 3/4 is a mixed number, and to find a percent it has to be a percent of what. 9 3/4 as a percent alone is 975% if that's what they want.
Answer:
$1015.11
Step-by-step explanation:
Compounded interest rate formula: A = P(1 + r/n)^t
Step 1: Plug in known variables
A = 1000(1 + 0.005/12)^36
Step 2: Multiply it all together
1000(1.00042)^36
1000(1.01511)
1015.11
This is a pretty bad bank considering only giving you .5% interest per month.
10% of a mile is 528ft, 1 meter is about 3 feet
