Solve r=(1+0.12/4)^4-1

$$r = ( 1 + \frac { 0.12 } { 4 } ) ^ { 4 } - 1$$

Solve for r

$$r=0.12550881$$

Steps for Solving Linear Equation

Expand \frac{0.12}{4} by multiplying both numerator and the denominator by 100.

$$r=\left(1+\frac{12}{400}\right)^{4}-1$$

Reduce the fraction \frac{12}{400} to lowest terms by extracting and canceling out 4.

$$r=\left(1+\frac{3}{100}\right)^{4}-1$$

Add 1 and \frac{3}{100} to get \frac{103}{100}.

$$r=\left(\frac{103}{100}\right)^{4}-1$$

Calculate \frac{103}{100} to the power of 4 and get \frac{112550881}{100000000}.

$$r=\frac{112550881}{100000000}-1$$

Subtract 1 from \frac{112550881}{100000000} to get \frac{12550881}{100000000}.

$$r=\frac{12550881}{100000000}$$

Assign r

$$r≔0.12550881$$