Answer:
Amount = $6614 and 19 cent
Step-by-step explanation:
Formula for compound interest is
A= p(1+r/n)^(nt)
Compounded daily
So n= 365*2= 730
T= 2
r= 0.13
P= 5100
A= p(1+r/n)^(nt)
A= 5100(1+0.13/730)^(730*2)
A= 5100(1+1.78082*10^-4)^(1460)
A= 5100(1.000178082)^1460
A= 5100(1.2969)
A= 6614.19
Amount = $6614 and 19 cent
Maria isn't correct of this. Adding these will get you 82960 (You add the numbers) She must have miscalculated.
(12, 32) i think this is the right answer
He makes about 30 sales because he makes $100 typically but always makes a minimum of $25 making $75 worth of his sales. If you multiply 30 and $2.50 you get $75 in sales. His $25 minimum and $75 in sales make $100. So he makes 30 sales.
