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enot [183]
3 years ago
10

Monique borrows $5000 at 5.5% interest compounded daily for 29 days. How much will she owe at the end of 29 days?

Mathematics
1 answer:
slega [8]3 years ago
7 0

Answer:

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount borrowed

From the information given,

P = 5000

r = 9

5.5% = 5.5/100 = 0.055

Assuming they are 365 days in a year

n = 365 because it was compounded 52 times in a year.

t = 29/365 = 0.0794

Therefore,

A = 5000(1 + 0.055/365)^365 × 0.0794

A = 5000(1 + 0.00015)^29

A = 5000(1.00015)^29

A = $5022

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Hitman42 [59]

Answer:

Helen requires 15$ more to buy the three books.

Step-by-step explanation:

We are given the following in the question:

Cost of dictionary = $7

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Helen's allowance = $25

Total cost of three books =

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Extra money required to buy three books =

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Thus, Helen requires 15$ more to buy the three books.

8 0
4 years ago
A triangular sail has base of 4 feet and a height of 5 1/2 feet. What is the area of the sail?
Step2247 [10]
Area of a triangle: (1/2)bh, where b = base and h = height

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4 0
3 years ago
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Daily twos:
max2010maxim [7]

Answer:

  9 3/4

Step-by-step explanation:

Strategy: first cancel the fraction part of the mixed number, then subtract the remaining fraction from the integer obtained.

10 1/2 - 3/4 = 10 1/2 - 1/2 - 1/4

= 10 -1/4

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Strategy: turn the subtracted fraction into a whole number by adding 1/4 to both parts of the problem, then subtract the whole number.

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= 10 3/4 -1

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_____

We assume that you know that 1/2 + 1/4 = 3/4, or 3/4 -1/2 = 1/4. If you need to, you can get there by using the equivalent: 1/2 = 2/4.

8 0
4 years ago
A lake has 10,000 fish.when a fishman scoops up his net ,he catches 500 fish. Suppose 150 of the 500 fish in his net are salmon.
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8 0
3 years ago
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