» What is 36/45 equal to a fraction with the numerator of 12? Let (n) be the denominator.
» Cross-Multiply the given.
» Find the value of (n)
» Now we know that the denominator (n) is 15, substitute (n) as 15 to the equation.
Final Answer:
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burgerham682
Mylene borrowed an amount of $40,000 which she paid with an interest of $2,000 at the end of 3 years. At what nominal rate compounded semi-annually was it invested?
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FRACTIONS
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» What is 36/45 equal to a fraction with the numerator of 12? Let (n) be the denominator.
» Cross-Multiply the given.
» Find the value of (n)
» Now we know that the denominator (n) is 15, substitute (n) as 15 to the equation.
Final Answer:
==============================
#CarryOnLearning
(ノ^_^)ノ
interest of $2,000 at the end of 3 years. At what nominal rate
compounded semi-annually was it invested?