Time of the 20 to the x then get 420
Answer:
$6,326.60
Step-by-step explanation:
A = P (1 + r/n)^(nt)
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
Round 5.7255 to the thousands place
the place after the thousands place (5) rounds up the 5 before it
therefore 5.726 is your answer
let's firstly convert the mixed fraction to improper fraction and then divide.
![\bf \stackrel{mixed}{2\frac{5}{8}}\implies \cfrac{2\cdot 8+5}{8}\implies \stackrel{improper}{\cfrac{21}{8}} \\\\[-0.35em] ~\dotfill](https://tex.z-dn.net/?f=%5Cbf%20%5Cstackrel%7Bmixed%7D%7B2%5Cfrac%7B5%7D%7B8%7D%7D%5Cimplies%20%5Ccfrac%7B2%5Ccdot%208%2B5%7D%7B8%7D%5Cimplies%20%5Cstackrel%7Bimproper%7D%7B%5Ccfrac%7B21%7D%7B8%7D%7D%20%5C%5C%5C%5C%5B-0.35em%5D%20~%5Cdotfill)
![\bf \cfrac{7}{10}\div \cfrac{21}{8}\implies \cfrac{~~\begin{matrix} 7 \\[-0.7em]\cline{1-1}\\[-5pt]\end{matrix}~~}{\underset{5}{~~\begin{matrix} 10\\[-0.7em]\cline{1-1}\\[-5pt]\end{matrix}~~}}\cdot \cfrac{\stackrel{4}{~~\begin{matrix} 8 \\[-0.7em]\cline{1-1}\\[-5pt]\end{matrix}~~}}{\underset{3}{~~\begin{matrix} 21 \\[-0.7em]\cline{1-1}\\[-5pt]\end{matrix}~~}}\implies \cfrac{4}{15}](https://tex.z-dn.net/?f=%5Cbf%20%5Ccfrac%7B7%7D%7B10%7D%5Cdiv%20%5Ccfrac%7B21%7D%7B8%7D%5Cimplies%20%5Ccfrac%7B~~%5Cbegin%7Bmatrix%7D%207%20%5C%5C%5B-0.7em%5D%5Ccline%7B1-1%7D%5C%5C%5B-5pt%5D%5Cend%7Bmatrix%7D~~%7D%7B%5Cunderset%7B5%7D%7B~~%5Cbegin%7Bmatrix%7D%2010%5C%5C%5B-0.7em%5D%5Ccline%7B1-1%7D%5C%5C%5B-5pt%5D%5Cend%7Bmatrix%7D~~%7D%7D%5Ccdot%20%5Ccfrac%7B%5Cstackrel%7B4%7D%7B~~%5Cbegin%7Bmatrix%7D%208%20%5C%5C%5B-0.7em%5D%5Ccline%7B1-1%7D%5C%5C%5B-5pt%5D%5Cend%7Bmatrix%7D~~%7D%7D%7B%5Cunderset%7B3%7D%7B~~%5Cbegin%7Bmatrix%7D%2021%20%5C%5C%5B-0.7em%5D%5Ccline%7B1-1%7D%5C%5C%5B-5pt%5D%5Cend%7Bmatrix%7D~~%7D%7D%5Cimplies%20%5Ccfrac%7B4%7D%7B15%7D)
