Bentley invested $85,000 in an account paying an interest rate of 4.1% compounded daily. Assuming no deposits or withdrawals are
1 answer:
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Answer:
About 2.17 feet.
Step-by-step explanation:
Let <em>d</em> represent the diameter of the tire.
Then the circumference of the tire will be:
So, the tire will travel dπ miles after one rotation.
After 775 rotations, the total miles traveled should be 5280 feet. Thus:
Solve for <em>d:</em>
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Approximate:
The circumference of the tire should be about 2.17 feet.
Answer:
9
Step-by-step explanation:
w+13-=16
w · -
+13=16
+13=16
=3
w=9
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,
A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.