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
Ainat [17]
3 years ago
6

Mr. Sim invest $9000 at 1% per annum compound interest compounded daily. What is his amount at the end of the third day?

Mathematics
1 answer:
Pani-rosa [81]3 years ago
5 0

Answer:

The amount at the end of the third day is $9,000.74

Step-by-step explanation:

To calculate his amount, we shall be using the compound interest formula;

Mathematically;

A = I( 1 + r)^nt

where A is the amount which we want to calculate

I is the initial amount deposited = $9,000

r is the interest rate = 1% = 1/100 = 0.01

the daily interest will be 0.01/365 = 0.00002739726

nt is the number of times we shall be compounding = 3 times

Substituting these values;

A = 9,000(1 + 0.00002739726)^3

A = 9,000(1.00002739726)^3

A = 9,000.73974628665

which is approximately; 9,000.74

You might be interested in
Lou's Diner spent $12.80 on 8 pounds
ki77a [65]

Answer:

1lb. = $1.60

7lb. = $11.20

Step-by-step explanation:

$<u>1</u><u>2</u><u>.</u><u>8</u><u>0</u> = <u>x</u>

8 1

cross multiply

8x= $12.80

divide $12.80÷8x

x= $1.60

8 0
3 years ago
Read 2 more answers
Julio joined an athletic club. There was a one-time fee of $49.95 to join the club, plus a monthly fee of $24.95. Julio has paid
Rama09 [41]

c (cost)
m (month)


c= xm + b

$424.20= 24.95m+ $49.95

Move everything except variable on one side.

424.20 - 49.95 = $374.24

$374.25 = 24.95m

Divide by 24.95

m = 15

15 Months
3 0
3 years ago
Mathematical word describes both 27x and 6x in the expression 27x+6x?
Maslowich

The mathematical word describing  both 27x and 6x in the expression 27x+6x is "<u><em>addition</em></u>"

<h3>How to form mathematical expression from the given description?</h3>

You can represent the unknown amounts by the use of variables. Follow whatever the description is and convert it one by one mathematically. For example if it is asked to increase some item by 4 , then you can add 4 in that item to increase it by 4. If something is for example, doubled, then you can multiply that thing by 2 and so on methods can be used to convert description to mathematical expressions.

For the given case, the terms were 27x and 6x and the expression formed from them is 27x+6x

This means both the terms were added together, as denoted by '+' (called 'plus') sign.

When two terms are written with 'plus' sign in between, then that means they're added to each other and the result will be addition of both of their's values.

Thus, the mathematical word describing  both 27x and 6x in the expression 27x+6x is <u><em>addition</em></u>"

Learn more about addition here:

brainly.com/question/14148883

7 0
2 years ago
Help with this please
klasskru [66]
53 Degrees
53 Degrees
5 0
3 years ago
Read 2 more answers
Find the number of 4 digit numbers that can be formed using the digits 1,2,3,4,5 if no digits is no repeated
loris [4]

Answer:

5 different numbers, 2 even

Step-by-step explanation:

Since we have 5 digits and they are non repeating we can use the permutation formula:

P(n, k) = \frac{n!}{k!}, $where $ k \leq n ; k, n \in \mathbb{N}

It gives us the amount of ways to arrange k objects out of n objects without repetition, but order does matter.

In our case the amount of 4 digit numbers that can be formed using the digits from 1 to 5 is: P(5, 4) = \frac{5!}{4!} = 5.

And out of those 5, only 2 are even

4 0
3 years ago
Other questions:
  • How to convert 50 meters to inches using two unit multipliers
    9·1 answer
  • Identify the property that justifies the statement: 5(x-3)=5x-15
    8·2 answers
  • Lisa purchased a prepaid phone card for 25. Long distance calls cost 9 cents a minute using this card. Lisa used her card only o
    10·1 answer
  • paolo earns $4 for each hour he tutors. he made $28 last week. write an equation using h to represent the hours he tutored. then
    5·1 answer
  • If x+y = 12 and x−y = 8, what is the value of x2+y2? (A) 20 (B) 24 (C) 100 (D) 104 (E) 208
    6·1 answer
  • Which best describes a fraction?
    6·1 answer
  • Classify this triangle​
    12·2 answers
  • B is between A and C, if AB=2(x+1), BC=3x+1, and AC=4(x+2), find the value of AC
    5·1 answer
  • Prices are going up in the ratio 6:5 Write a 60% decrease as a ratio.
    10·1 answer
  • Find area of shaded regions​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!