Answer:
The rate of interest for compounded daily is 2.1 6
Step-by-step explanation:
Given as :
The principal investment = $ 98,000
The Time period for investment = 7 years
Let The rate of interest compounded daily = R %
The Amount at the end up = $ 114,000
<u>From compounded method</u>
Amount = Principal ×
Or, $ 114,000 = $ 98,000 ×
Or, =
or, 1.16326 =
or, = 1 +
1.00005919 - 1 =
or, 0.00005919 =
∴ R = 0.00005919 × 365000 = 2.16
Hence the rate of interest for compounded daily is 2.1 6 Answer
Ummm i’m yes okay it’s that yes alr!!
Answer:
1/2
Solution: plugging in the given information into the formula you get 2/4 which simplifies to 1/2
Answer:
Step-by-step explanation:
<em>Hey there!</em>
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Well to solve for x in,
16x - 7 ≤ -71
We need to single out x.
16x - 7 ≤ -71
+7 to both sides
16x ≤ -64
Divide both sides by 16
x ≤ -4
<em>Hope this helps :)</em>