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Over [174]
4 years ago
12

Please help, 10 points

Mathematics
1 answer:
mario62 [17]4 years ago
8 0

let q= quarters, let n = nickles.

Note that there are 4 times as many quarters as nickles: q = 4n

There is $2.10 in all

n + 4n = 2.10, or (A) (i believe if i read it correctly) is your answer

hope this helps

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6000 for 6 years at 81/2 % compounded daily will grow to a) $9.990.02 b)9.060.00 c) 9788.81 d)9991.15
Flura [38]

Answer:

d)9991.15

Step-by-step explanation:

We have a sum of money ($6000) compounded daily at an annual interest rate of 8.5% for 6 years.

If the interest is compound daily, and we take a m=365 days a year (or 365 subperiods m), the daily nominal interest rate is:

i_d=\dfrac{i}{m}=\dfrac{0.085}{365}=0.000232877

Then, we can express the final valueo of $6000 compounded daily at an annual interest rate of 8.5% for 6 years as:

FV=IV\left(1+\dfrac{i}{m}\right)^{n\cdot m}\\\\\\FV=6000(1+0.000232877)^{6\cdot 365}\\\\FV=6000(1.000232877)^{2190}\\\\FV=6000\cdot1.665192322\\\\FV\approx9991.15

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