Answer:
416
Step-by-step explanation:
Find 10% of $19,200 = 1,920
Find 2% of $1,920 = 384
12% = $2,304
19,200 - 2,304 = 16,896 (year 1)
Repeat this until you have your 5th year :)
1a. 5/10 can be simplified to 1/2. (5 divided by 5 is one, 10 divided by 5 is 2.)
1b. 9/12 can be simplified to 3/4. (9 divided by 3 is 3, 12 divided by 3 is 4.)
1c. 12/18 can be simplified to 2/3. (12 divided by 6 is 2, 18 divided by 6 is 3.)
1d. 9/24 can be simplified to 3/8. (9 divided by 3 is 3, 24 divided by 3 is 8.)
1e. 27/90 can be simplified to 3/10. (27 divided by 9 is 3, 90 divided by 9 is 10.)
1f. 40/48 can be simplified to 5/6. (40 divided by 8 is 5, 48 divided by 8 is 6.)
