If I invest 5,000 at a rate 8.5% for 13 days? How much interest will I earn on my investment if the interest is compounded daily
?
I need help with setting up formula or help in general. Any help is appreciated.
1 answer:
Using the formula A = P(1 + r/n)^nt
P = 5,000
r = 8.5% or 0.085
n = 365
t = 13/365 (13 days out of a year)
A = 5,000 (1 + 0.085/365)^365*13/365
A = 5015.16
You will earn $15.16
You might be interested in
50.4 is your answer there for it would be 50.4
Step-by-step explanation:
2. Amount of soil provided.
In order to give different pH values of the soil, the amount of soil can directly affect this independent variable.
Answer:
1/6
Step-by-step explanation:
1/2 + 1/3 = 5/6
1/5 of 5/6 = 5/30
5/30 can be simplified as 1/6.
The answer is A that’s the answer
Answer:
c. 38$
Step-by-step explanation:
