Finite Math Examples

Evaluate (80((1+0.04/6)^(6(10))-1))/(0.04/6)
80((1+0.046)6(10)-1)0.046
Step 1
Multiply the numerator by the reciprocal of the denominator.
80((1+0.046)6(10)-1)60.04
Step 2
Reduce the expression by cancelling the common factors.
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Step 2.1
Cancel the common factor of 0.04.
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Step 2.1.1
Factor 0.04 out of 80((1+0.046)6(10)-1).
0.04(2000((1+0.046)6(10)-1))60.04
Step 2.1.2
Cancel the common factor.
0.04(2000((1+0.046)6(10)-1))60.04
Step 2.1.3
Rewrite the expression.
2000((1+0.046)6(10)-1)6
2000((1+0.046)6(10)-1)6
Step 2.2
Multiply.
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Step 2.2.1
Multiply 6 by 10.
2000((1+0.046)60-1)6
Step 2.2.2
Multiply 6 by 2000.
12000((1+0.046)60-1)
12000((1+0.046)60-1)
12000((1+0.046)60-1)
Step 3
Simplify each term.
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Step 3.1
Divide 0.04 by 6.
12000((1+0.006)60-1)
Step 3.2
Add 1 and 0.006.
12000(1.00660-1)
Step 3.3
Raise 1.006 to the power of 60.
12000(1.4898457-1)
12000(1.4898457-1)
Step 4
Simplify the expression.
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Step 4.1
Subtract 1 from 1.4898457.
120000.4898457
Step 4.2
Multiply 12000 by 0.4898457.
5878.14849961
5878.14849961
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