Question

Evaluate $\frac{60000\times 0.075}{{\left(1.075\right)}^3}$

Answer 1

let us consider the problem:

$\frac{60000\times 0.075}{{\left(1.075\right)}^3}$

Implies that

$=\frac{4500}{1.24}$

Implies that

$=3629.03$