Chad has $31,000 in a savings account. The interest rate is 13 % per year and is not compounded. How much will he have in 4
years?

1 year interest: $31000 + $4030

2 year interest: $35030 + $4553.9

3 year interest: $39583.9 + $5145.4

4 year interest: $44729.3

Final Interest: $47120

Step-by-step explanation:

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the simplified form is

step-by-step explanation:

we want to simplify the expression,

let us change the middle bar to a normal division sign to obtain,

we multiply the first fraction by the reciprocal of the second fraction to obtain,

we factor to obtain,

we cancel the common factors to get,

we simplify to get,

the correct answer is b