Step-by-step answer:
Given:
5% annual interest (APR)
compounded daily
Principal = 500
Solution:
Since it is compounded daily, we first calculate the
daily rate = 5% / 365 = 0.05/365
After one year,
future value
= 500 ( 1 + 0.05/365)^365
= 525.634 (to the tenth of a cent)
note: sometimes a year is considered to be rounded to 360 days, or 366 days for a leap year, but there is practically no difference in the results for this problem.
Answer: each bottle costs $0.91
Step-by-step explanation: the total amount (before tax) is $5.49, we already know that one bag of apple was purchased for $1.85 so we can subtract that from the total. $5.49-$1.85=$3.64 Four bottle of juice were purchased so we can divide $3.64 by 4 which equals $0.92
Answer:
1. m=2
2. m= 2/5
3. m=5/2
4. m=6
5. m=-8
6. m=-11
7.m=6
Step-by-step explanation:
Use the slope formula to find the slope <em>m</em>
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Slope formula=y2-y1/x2-x1