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quester [9]
4 years ago
15

Paul deposited $95,000 in a savings account that pays 4% interest compounded daily. What is his balance at the end of six months

?
Mathematics
1 answer:
Arada [10]4 years ago
5 0

Answer:

\$96,919.02  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=6/12=0.5\ years\\ P=\$95,000\\ r=4\%=4/100=0.04\\n=365  

substitute in the formula above  

A=95,000(1+\frac{0.04}{365})^{365*0.5}  

A=95,000(1+\frac{0.04}{365})^{182.5}=\$96,919.02  

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Marianna [84]
<h2>Answer:</h2>

Zoe's Fish tank holds 27 L of water, so this is the capacity of the tank. On the other hand, Zoe uses a 3L container in order to fill the tank, so the question is  how many times does she have to fill the three litter container in order to fill the fish tank? Let's solve this as follows:

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Second time:

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Fourth time:

She pours another 3L, but she previously poured 9L, so she has poured 12L

Fifth time:

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Sixth time:

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Seventh time:

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Eighth time:

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Ninth time:

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<em>According to this, she needs to pours the </em><em>3L </em><em>container nine times in order to fill the fish tank. This can also be solved dividing </em><em>27L/3L= 9</em>

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3 years ago
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step by step
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3 years ago
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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:


You will get the answer in percent


3 0
3 years ago
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