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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.

You might be interested in
Divide: 7/8 ÷ 3/8<br><br> A) 21/64<br><br> B) 3/7<br><br> C) 64/21<br><br> D) 7/3
lozanna [386]

Answer:

When you need to divide two fractions, reverse the second fraction, then multiply the top numbers by each other and the bottom numbers by each other.


7/8 / 3/8 =

7/8 x 8/3 =

(7 x 8) / (8 x 3) =

56/24 which reduces to 7/3

The answer is D) 7/3


5 0
3 years ago
Steven has 163 paper clips. He is going to keep 27 for himself, and divide the rest among 8 of his friends. How many paper clips
denis23 [38]
Steven kept 27 paper clips for himself with means 136 paper clips are left. (163-27) now divide 136 by 8 you get 17. Each friend receives 17 paper clips.
3 0
3 years ago
The triangular arrangement of numbers shown is known as Pascal's triangle. Use inductive reasoning to find the 6 missing numbers
denis-greek [22]

Answer:

1 5 10 10 5 1

Step-by-step explanation:

The complete question has been attached as an image.

Looking at the triangle, we see a pattern. The first level we have 1, in the next level we have 1 1, the next evel we have 1 2 1, the next level we have 1 3 3 1 and so on. From here, we see that to get the numbers of the next level, we have to write 1 as the first number, then add 1 to the next number after it in the previous level to get the second number in the next level then add the second number of the previous level to the next number beside it to get the third number in the next level and so on until you get to the last number before 1 in the previous level, add that number to 1 to get the second to the last number in the next level and finally put 1 as the last number in the next level. Now, we have

1 4 6 4 1

1 5 10 10 5 1

And that is the required set of numbers.

3 0
3 years ago
ANSWER FOR BRAINLIEST:
Feliz [49]
B because the center of data is best measured by the median when there are outliers, and 42 is an outlier in this set.
5 0
3 years ago
2. Starting at noon, the temperature dropped steadily at a rate of 0.3 degrees Celsius
arlik [135]

Answer:

a. -14,2/3

b. -28,3

Step-by-step explanation:

7 0
3 years ago
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