Question

I want to know how they got (1.01125) as answer from the top question? Can someone plz help me just to explain it

Answer 1

they got 1.01125 by solving 1+0.045/4
1+0.045/4= 1+450/40000=1+0.1125=1.01125

Answer 2

Answer:
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{1 + (0.045/4) } = 1.01125
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What is: "(0.045) / (4)" ???

Using a calculator: "(0.045) ÷ (4) = 0.01125 ".
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Then: " 0.01125 + 1 = 1.01125 " .
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