I want to know how they got (1.01125) as answer from the top question? Can someone plz help me just to explain it
QUESTION POSTED AT 16/04/2020 - 07:04 PM
Answered by admin AT 16/04/2020 - 07:04 PM
Answer:
_______________________
{1 + (0.045/4) } = 1.01125
____________________________
What is: "(0.045) / (4)" ???
Using a calculator: "(0.045) ÷ (4) = 0.01125 ".
______________________________________
Then: " 0.01125 + 1 = 1.01125 " .
______________________________________
_______________________
{1 + (0.045/4) } = 1.01125
____________________________
What is: "(0.045) / (4)" ???
Using a calculator: "(0.045) ÷ (4) = 0.01125 ".
______________________________________
Then: " 0.01125 + 1 = 1.01125 " .
______________________________________
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