Which fraction is equal to 0.7 repeating
2 answers:
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Answer:
The value of the acount after t years is of
The annual growth rate is of 0.72%.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
$650 is invested in an account earning 8.6% interest (APR), compounded monthly.
This means that . So
The value of the acount after t years is of
Annual growth rate
1.0072 - 1 = 0.0072 = 0.72%
The annual growth rate is of 0.72%.
The answer is 
To figure this out, convert both numbers to fractions. 1.03 = 1
and (-10.3) = -10
. Now, convert to improper fractions.
1![\frac{3}{100} = [tex] \frac{103}{100}](https://tex.z-dn.net/?f=%20%5Cfrac%7B3%7D%7B100%7D%20%20%3D%20%5Btex%5D%20%5Cfrac%7B103%7D%7B100%7D%20)
-10 = 
Now, divide. Dividing fractions is the same as multiplying by the reciporical. So:
To figure this out, convert both numbers to fractions. 1.03 = 1
1
-10
Now, divide. Dividing fractions is the same as multiplying by the reciporical. So: