Solve the math problem
1 answer:
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First of all, you can simplify the 4 at the numerator and the 14 at the denominator (they're both multiple of 2):
Now, rationalize a denominator means that you have to get rid of the square root, in order to have an integer denominator.
To do so, remember that you can always multiply any number by 1 without changing its value, and you can always think of 1 as a fraction where numerator and denominator are equal:
Answer:
Interest Chaney earns after 3 years is $56.85
Step-by-step explanation:
Given:
Amount deposited = $1435.73
Simple annual interest rate = 1.32% = 1.32/ 100 = 0.0132
To find: Interest after 3 years
We know that the formula to calculate the interest amount is
Simple interest (S.I.) =
where,
P is the initial amount deposited
r is the rate of simple interest in percentage
t is the time in years for which interest is to be calculated
Substituting the known values in the formula, we get
S.I =
= 56.85
Hence the interest Chaney earns after 3 years is $56.85