Answer:
<em>x</em>/4
Step-by-step explanation:
7/8x-5/8x fractional coefficients = x/4
Answer:neither
Step-by-step explanation:
A ratio is the quantitative relation between two amounts showing the number of times one value contains or is contained within the other.
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Answer:
$3,153.32
Step-by-step explanation:
Given that
The deposited amount is $3,000
The annual interest rate is 1.25%
So, the semi-annual interest rate is 1.25% ÷2 = 0.625%
And, the time period = 4 × 2 = 8
We need to find out the final balance
So,
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $3,000 × (1 + 0.625%)^8
= $3,153.32
