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hammer [34]
3 years ago
10

You deposit $1500 in an account that pays 7% annual interest. Find the balance after 2 years when the interest is compounded dai

ly.
Mathematics
1 answer:
valina [46]3 years ago
7 0

Answer:

$1,725.39

Step-by-step explanation:

-Take 1 year =365 days.

#We calculate the effective interest rate for 7% compounded daily;

i_m=(1+i/m)^m-1\\\\=(1+0.07/365)^{365}-1\\\\=0.072501

#We now use this rate to calculate the compounded amount after two years:

A=P(1+i_m)^n\\\\=1500(1.072501)^2\\\\=1725.39

Hence, the  balance after 2 years $1,725.39

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nataly862011 [7]

Answer:

1. 1,800

2. 500

3. 36,500.03

4. 86.3

Step-by-step explanation:

If you need me to show the work comment and I'll send it to you.

4 0
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Look at the following sum. 1 + 1⁄2 + 1⁄4 + 1⁄8 + 1⁄16 + 1⁄32 + 1⁄64. . . Notice that the denominator of each fraction in the sum
Alex17521 [72]
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7 0
2 years ago
I willll GIVE A BRAN....
blsea [12.9K]

Answer: Choice C

The first inequality is 124+121+x \ge 400

The second inequality is x \ge 155

Replace x with whatever letter your teacher is using

=========================================================

Let x be the number of cans collected on week 3

Add this to the previous totals (for weeks 1 and 2) to get 124 + 121 + x. I'm going to leave this as is and not simplify. This is so the answer matches up. This total must be greater than or equal to 400, meaning 124+121+x can be 400 or larger.

124+121+x >= 400

245+x >= 400 .... combine like terms

x >= 400-245 .... subtract 245 from both sides

x >= 155

So you need to collect at least 155 cans for the third week so that you'll have at least 400 cans total.

7 0
3 years ago
an orphanage bought 119 1/4 m of cloth to stitch dresses for kids. The dress for one kid requires 2 1/4m of cloth. How many dres
Firlakuza [10]

Answer:53 dresses

Step-by-step explanation:

First of all..if one kid required 2 1/4m of cloth,what about 119 1/4m of cloth?

So u take 119 1/4m of cloth and divide it by 2 1/4m of cloth.

Then change the mixed numbers into improper fractions.

So the question will be 477/4 m divided by 9/4 m.

The second improper fraction (9/4)m will be reciprocated to be (4/9)m.

Afterwards,take 477/4 m and multiply it by 4/9 m.

The result will be 53 dresses.

4 0
3 years ago
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