The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
Answer:
23
Step-by-step explanation:
Answer:
575x.25=143.75 575-143.75=$431.25
21.95x.15=$3.29 tip total bill $25.24
Step-by-step explanation:
