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
Is 10 + 0.01 rational or irrational
Lady bird [3.3K]

Answer:

its a rational number because 10+0.01 is 10.01 and thats rational

3 0
3 years ago
Read 2 more answers
Is this right? Please help me
aliina [53]
I think you’re right because I put the same thing on my quiz
5 0
3 years ago
A is a 4x4 matrix and A^2 + 4A - 5I = 0. If det(A+2I)>0, enter det(A+2I)
maw [93]
\mathbf A^2+4\mathbf A-5\mathbf I=0
\implies\mathbf A^2+4\mathbf A+4\mathbf I=(\mathbf A+2\mathbf I)^2=9\mathbf I
\implies\det\bigg((\mathbf A+2\mathbf I)^2\bigg)=\det(9\mathbf I)
\implies\det(\mathbf A+2\mathbf I)^2=9^4\det\mathbf I
\implies\det(\mathbf A+2\mathbf I)=\pm\sqrt{9^4}
\implies\det(\mathbf A+2\mathbf I)=9^2=81

where we take the positive root because we're told that the determinant is positive.
5 0
3 years ago
What are the x-intercepts of the graph of the function f(x)=x2+ 4x-12
grin007 [14]

x^2 + 4x-12 =0

factor

(x+6) (x-2)=0

x+6=0  x-2=0

x=-6  x=2

are the x intercepts

Answer -6, 2

7 0
3 years ago
Read 2 more answers
640, 160, 40, 10,....
-Dominant- [34]
The pattern is dividing by 4 so it would be: 640 (divided by 4), 160 (divided by 4), 40 (divided by 4), 10 (divided by four), 5/2.
The next number would be 10/4 or 5/2 when simplified. (I’d go with 5/2 because teachers liked simplified numbers)
4 0
3 years ago
Other questions:
  • A store is having a sale in which all items are reduced by 20%. Including tax, Jennifer paid $21 for a pair of shorts. If the sa
    13·1 answer
  • A right triangle has one angle that measure 23. The adjacent leg measures 27.6 cm and the hypotenuse measure 30 cm. What is the
    5·1 answer
  • The equation of the line of best fit of a scatter plot is y = –3x + 2. What is the slope of the equation?
    12·2 answers
  • What expression is equivalent to 9x^2-16?
    8·1 answer
  • How do I do this I need help fast
    14·2 answers
  • What is the length of AC?
    15·2 answers
  • Aydin went to the store to buy a new cell phone. He decided on a cell plan where he pays $45 per month. The cost of the phone is
    11·1 answer
  • Which of the following expressions had a constant of 6 and a coefficient of 2/3?
    14·1 answer
  • Which table of values represents the equation Y= 2X +5?
    10·1 answer
  • Using synthetic division, what is the quotient (2x3 − 3x − 10) ÷ (x − 2)?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!