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Veseljchak [2.6K]
3 years ago
11

Charlie can invest $8,000 at 8.5% interest for 15 days. How much interest will he earn on his investment if the interest is comp

ounded daily?
Mathematics
1 answer:
pickupchik [31]3 years ago
7 0

Answer:

$27.99 interest.

Step-by-step explanation:

Use the formula for Compound interest = P(1 + r/n)^t  . Here n = 365 (number of days in a year), r = annual rate as a decimal and t = the number of days, P = 8000.

Amount after 15 days = 8,000(1 + 0.085/365)^15

= $8027.99.

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One pattern believe fabric sells for $15 for every 2 yards, and another sells for 37.50 every 5 yards do these fabrics have the
Elenna [48]
We need to find out how much is worth one yard in both fabrics, so we divide $15.00 by 2 and $37.50 by 5:

$15.00 ÷ 2 = $7.50 per yard
$37.50 ÷ 5 = $7.50 per yard

As both prices per yard are the same, the answer is: <span>Yes, these fabrics have the same unit cost.</span>

5 0
3 years ago
Cathy is paid at a rate of K7.20 per hour for a basic hour-week of 70 hours. She is paid time-and-a-half for over-time during th
Levart [38]

Answer:

K1310.4

Step-by-step explanation:

Basic pay per hour = K7.20

Overtime pay during the week per hour = 1 1/2 * K7. 20 = K10.8

Weekends = 2 * K7.20 = K14.4

Basic hours per week = 70 hours

In a fortnight :

Basic hours = 70 * 2 = 140 hours :

Hence, Overtime during the week = (160 - 140) = 20 hours

Weekend hours = (4 +2) = 6 hours

Total earning :

(140 * 7.20) + (20 * 10.8) + (6 * 14.4)

1008 + 216 + 86.4

= K1310.4

5 0
3 years ago
Solve the equation. 3(2x+2)=9x+2-3x+4
inessss [21]

Answer: x = 4

Step-by-step explanation:

6 0
3 years ago
Please help !!! Due instant
Vinvika [58]
I believe the range is 25.
4 0
3 years ago
Solve 50q-43=52q-81
ladessa [460]
Move the variables to one side and the constants to the other

50q - 43 = 52q - 81

50q (-52q) - 43 (+43) = 52q (-52q) - 81 (+43)

50q - 52q = -81 + 43

-2q = -38

isolate the q, divide -2 from both sides

-2q/-2 = -38/-2

q = -38/-2

q = 19

hope this helps
8 0
4 years ago
Read 2 more answers
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