2 years ago

What is the compound interest on 2500 at 6.75 percent compounded daily for 20 days

Mathematics

1 answer:

Zielflug [23.3K]2 years ago

4 0

Answer:

There for the interest on 2500 will be 93

Step-by-step explanation:

A = 2500(1+0.675/365)^0.055

A = 2500(1.0018)^0.055

A = 2500(1.037)

A = 2592.5

To find how much interest on 2500 = 2593-2500 = 93

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cestrela7 [59]

Hi there!

Let's solve this problem step by step!
$f(x) = \frac{1}{8} (8 {}^{x})$

To find f(3) we must substitute x = 3 into the formula.
$f(3) = \frac{1}{8} (8 {}^{3} )$

Now we use PEMDAS (Parenthesis, exponents, multiply, divide, add, subtract) to find our answer.

Work out the exponents inside the parenthesis first.
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And finally multiply.
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