Simplify: Round your final answer properly to two decimal places $2408(1 + 0.08 x 181/365) / 1 + 0.05 x 68/365

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Posted on

`1+.08xx181/365=1+.08xx.495890=1.03967`

`1+.05xx68/365=1+.05xx.1863013=1.009315`

`Thus`

`(2408xx(1+.08xx181/365))/(1+.05xx68/365)=(2408xx1.03967)/(1.009315)`

`=2408xx1.03967xx107.35292408`

`=2408xx111.6116324`

`=268760.8107`

`approx268760.81`

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