Finite Math Examples

${(1 + \frac{0.095}{12})}^{12} - 1$

Step 1

Simplify each term.

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Step 1.1

Divide $0.095$ by $12$ .

${(1 + 0.00791\overline{6})}^{12} - 1$

Step 1.2

Add $1$ and $0.00791\overline{6}$ .

${1.00791\overline{6}}^{12} - 1$

Step 1.3

Raise $1.00791\overline{6}$ to the power of $12$ .

$1.09924758 - 1$

Step 2

Subtract $1$ from $1.09924758$ .

$0.09924758$