Joni’s total interest earned is 0.125% of her investment.
<u>Solution:</u>
Given that
Interest earned by Joni per day = $0.625
Investment done by Joni = $1000
Duration of earning interest = 2 days
Total interest earned = interest earned by Joni
duration of interest earned.
= 0.625
2 = $1.25


So Joni’s total interest earned is 0.125% of her investment.
$7881.18
Step-by-step explanation:
Let the initial Investment be
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here
is the interest rate, i.e
, and t is the number of time periods, i.e
= 


∴ Initial Investment = $7881.18
Answer: D all of the above
Step-by-step explanation:
Answer:
Any-where below 1 and above 0
Step-by-step explanation:
I had this problem in math and my teacher told me this