Some institutions use 360 days a year (because then they charge more interest than 365 days).
Assuming the 360 days a year rule, the the daily rate is
6.5% for a year, or 270/360*6.5% for 270 days.
The future amount is then
4000*(1+0.065*270/360)
=$4195 (simple interest).
No not always. hope this helps have a nice day
Hi there! Hopefully this helps!
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<em>Answer to the first equation:</em><u><em> 3.</em></u>
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<em>Answer to the second equation: </em><u><em>7</em></u>
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<em>Answer to the third equation: </em><u><em>-2.</em></u>
<em>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</em>
<em>Answer to the fourth equation: </em><u><em>-3</em></u>
<em>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</em>
Answer:
0.019
Give me brainest please!!!
