Answer:
a) 236/100 = 2.36
b) 101/100 = 1.01
c) 814/100 = 8.14
Step-by-step explanation:
The divisor in each case is already a factor of 100, so multiply the numerator and denominator by the number that will make the denominator 100. Then add 100 times the integer to the numerator of the fraction.
a) 2 9/25 = (200 +9·4)/(25·4) = 236/100 = 2.36
b) 1 1/100 = (100 +1)/100 = 101/100 = 1.01
c) 8 7/50 = (800 +7·2)/(50·2) = 814/100 = 8.14
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Since each of these fractions has a denominator of 100, the decimal can be written by putting the least significant digit of the numerator in the hundredths place of the decimal number.
For example, for 236/100, putting 6 in the hundredths place puts 3 in the tenths place and 2 in the units place for a decimal number of 2.36.
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
1st place through 1250th. 1250 Divided by top 27% = 337.5
Step-by-step explanation:
Hope this helps! Have a great day
