Damien deposited $250 in an account that earned 3.75% interest compounded annually.
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The answer to the above math expression is . See the computation below.
<h3>What is the calculation justifying the above?</h3>First we solve for the numerator. The numerator is:
7√2 - 2√16
Where:
7√2 = 9.89949493661; and
2√16 = 8
Hence,
7√2 - 2√16 = 1.89949493661
Next we solve for the denominator. This is given as:
3√8=8.48528137424
Hence,
(7√2 - 2√16)/3√8 = 1.89949493661/8.48528137424
= 0.22385762508
0.224
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