You have $2,000 to invest and want it to grow to $3,000 in two years. What interest rate would you need to find to make this pos
2 answers:
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<em>First, find the greatest common factor (GCF) of the numerator and denominator.</em>
<u>Factors of 18</u>: 1, 2, 3, 6, 9, 18
<u>Factors of 24</u>: 1, 2, 3, 4, 6, 8, 12, 24
<u>Common Factors</u>: 1, 2, 3, 6
<u>GCF</u>: 6
<em>Now, divide the numerator by 6 and the denominator by 6.</em>
18 ÷ 6 = 3
24 ÷ 6 = 4
<em>Set these as your new numerator and denominator.</em>
The answer is (b).
<u>Factors of 18</u>: 1, 2, 3, 6, 9, 18
<u>Factors of 24</u>: 1, 2, 3, 4, 6, 8, 12, 24
<u>Common Factors</u>: 1, 2, 3, 6
<u>GCF</u>: 6
<em>Now, divide the numerator by 6 and the denominator by 6.</em>
18 ÷ 6 = 3
24 ÷ 6 = 4
<em>Set these as your new numerator and denominator.</em>
The answer is (b).