1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RSB [31]
3 years ago
8

John Smith has found a​ short-term investment opportunity. He can invest ​$6,000 at 0.75 % interest for 15 days. How much intere

st will he earn on this investment if the interest is compounded​ daily? Click the icon to view the table of compound interest of​ $100 compounded daily.
Answer: The Interest is $ . (Round to the nearest cent as needed.)
Mathematics
1 answer:
maxonik [38]3 years ago
6 0

Answer:

$45.16

Step-by-step explanation:

Given:

Principle amount = $6,000

Rate of interest, r = 0.75%

Duration = 15 days

Since, the interest is compounded daily

Future value = \textup{Present value}\times(1+\frac{r}{n})^n

or

Future value = 6000\times(1+\frac{0.0075}{15})^15

or

Future value = $6045.16

Therefore,

the interest earned = Future value - Principle amount

or

The interest earned = $6045.16 - $6000 = $45.16

You might be interested in
Identify the independent and dependent variables in the following situation Julie notices that her plant grows one inch for ever
LUCKY_DIMON [66]

Answer:

Independent variable: amount of water

Dependent variable: growth of the plant

Step-by-step explanation:

In the statement "Julie notices that her plant grows one inch for every liter of water that it receives" it is implied that the growth of the plant is related proportionally to the amount of water it receives.

We know the amount of growth in function of the amount of water

The dependant variable, the result, is the growth of the plant.

Then, the independent variable is the amount of water, as it is the input to calculate the amount of growth.

4 0
3 years ago
Select all the correct answers. Aisle 2 of a furniture store stocks 4-legged chairs, 4-legged tables, and 3-legged stools. If th
mojhsa [17]

Answer: T = 4c + 4t + 3s

Step-by-step explanation:

Stocks contains:

4-legged chairs

4-legged tables

3-legged stools

So, 1 chair has legs = 4

So, c chairs has legs = 4c

1 table has legs = 4

So, t tables has legs = 4t

1 stool has legs = 3

So, s stools has legs = 3s

Let T denotes the total no. of legs

So, the total number of furniture legs in aisle 2 :

T = 4c + 4t + 3s

6 0
3 years ago
What is the first step to solve this equation : 11-3x=44
Zolol [24]

Answer:

Subtract 11 from both sides

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
The perimeter of a rectangle must be greater than 70 cm, but the length cannot be greater than 30 cm and the width cannot be gre
Jlenok [28]
<span>W=15 & L=25

character requirement

</span>
3 0
3 years ago
(25 POINTS!)Select all the correct locations
Gemiola [76]

Answer:I go with A,C,E

Step-by-step explanation:

hope this help

6 0
3 years ago
Other questions:
  • I need help on question #20 please!!!! Also show work!!! And tell me why the answer to the problem is correct. THANK YOU!!!
    10·1 answer
  • Are z³ and 3z equivelent?explain​
    8·1 answer
  • Simplify the radical 84
    8·2 answers
  • Please answer this correctly
    12·2 answers
  • Is 56 x<br> greater than or less than 56?
    5·1 answer
  • PLEASE HELP QUICK!!!
    15·1 answer
  • Find the indicated sum
    8·1 answer
  • If f (x) = 5x + 4 then for what value of x will f(x) equal -11?​
    12·2 answers
  • 22. If 1 student is selected at random from the table below, what is the
    12·2 answers
  • What is the solution to the system of equations graphed below?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!