1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lilit [14]
3 years ago
10

Suppose we deposit $73,000 into a savings account which compounds daily with 5% APY and we want to know how much the account wil

l be worth after two days.

Mathematics
1 answer:
NARA [144]3 years ago
3 0
Let
I1-------------> interest first day
I2-------------> interest second day

we know that
P0=$73000----------> initial amount

first day
I1=73000*(5%/100)*(1/365)-----------> I1=$10
P1=P0+I1------> $73000+$10-------- P1=$73010

second day
P1=$73010
I2=73010*(5%/100)*(1/365)-----------> I2=$10
P2=P1+I2------> $73010+$10-------- P2=$73020

the answer is $73020

You might be interested in
How do u do 389.2÷28 in 5 grade standard algorithm show work
Mashutka [201]

Answer:

  see attached

Step-by-step explanation:

Each digit of the quotient is aligned with the least significant digit of the current dividend. The "current dividend" is that portion of the remaining dividend that is at least 1 and less than 10 times the divisor. The product of the quotient digit and the divisor is subtracted from the "current dividend" to get the remaining dividend.

__

For many folks, the hardest part of this algorithm is determining the appropriate quotient digit, and multiplying that by the divisor. Some teachers teach that you start this process by making a list of the multiples of the divisor:

N . . . 28N

1       28

2      56

3      84

4      112

...

This process can be aided by your number sense.

2N is simply N added to itself.

3N is N+2N.

4N is double 2N

5N is half of 10N.

You can proceed to build the table by adding 28 to each previous value, or by recognizing doubles and halves and other sums.

8 0
3 years ago
A rectangle has length 4 inches and width 2 inches. If the length and width of the rectangle are each reduced by 50 percent, by
exis [7]

Answer: 25%

Step-by-step explanation:

Given: A rectangle has length 4 inches and width 2 inches.

Area = Length x width

= 4 inches x  2 inches

= 8 square inches

If length is reduced by 50% , then length =0.5\times4=2\text{ inches}

If width is reduced by 50% , then length =0.5\times2=1\text{ inch}

Reduced area = (reduced length) x (reduced width)

= 2 inches x 1 inch

= 2 square inches

The percentage of the area of the rectangle be reduced :-

\dfrac{\text{Reduced area}}{\text{Original area}}\times100 \\\\=\dfrac{2}{8}\times100\% \\\\=25\%

Hence, the percent of the area of the rectangle be reduced = 25%

6 0
3 years ago
Regina spent $45.50 over 612 months on music downloads. If she spent the same amount of money each month, how much money did Reg
Flauer [41]
74c a month? Should/Could be the answer
5 0
3 years ago
Read 2 more answers
Round 132,654 to the nearest one thousand
grin007 [14]
Well the 2 is in the thousands and the number before it is six and because of the number before 2 happens to be over 5 the 2 changes into a 3 thus making your answer 133,000
6 0
3 years ago
Read 2 more answers
The sum of a number e and 3. What the equation??? Thanks​
Ivahew [28]

Answer:

e+3=sum

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • The wildcats basketball team scored 18 points in the first half of the game. All the planes came from either two or three point
    12·2 answers
  • At 4:00 am, the outside temperature was -28*F. By 4:00 P.M. it rose 38 degrees. What was the temperature at 4:00 P.M. ?
    8·1 answer
  • 5x < -10 please help me and solve this so I don't fail
    15·1 answer
  • HELPPPPPPPPPPPPPPPPPP​
    8·1 answer
  • I just want to know if I did this correctly or not. This is something I just learned today.​
    8·1 answer
  • Which is bigger 0.05 or 50 %
    13·1 answer
  • Find the quotient.<br><br> 154 divided by 14
    9·1 answer
  • 4x + 6 &lt; -6<br><br> Show steps used to solve the problem :)
    6·2 answers
  • PLease hurry! i need it! And the testing thing is happening, so before 6 pm?
    15·1 answer
  • Fill in the blank spaces please.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!