Answer:
The rate of interest for compounded daily is 2.1 6
Step-by-step explanation:
Given as :
The principal investment = $ 98,000
The Time period for investment = 7 years
Let The rate of interest compounded daily = R %
The Amount at the end up = $ 114,000
<u>From compounded method</u>
Amount = Principal × 
Or, $ 114,000 = $ 98,000 × 
Or,
= 
or, 1.16326 = 
or,
= 1 + 
1.00005919 - 1 = 
or, 0.00005919 = 
∴ R = 0.00005919 × 365000 = 2.16
Hence the rate of interest for compounded daily is 2.1 6 Answer
Answer:
I think the answer is 19
Step-by-step explanation:
You have to solve for y
Subtract 2x to the other side
Divide both sides by 4
y=-1x/2-2
Graph D has a slope of -1/2 and a y-intercept of -2
Answer:
$308.20
Step-by-step explanation:
The simple interest formula i = p·r·t applies here:
($1675)(0.046)(4) = $308.20
The answer is a rational number is one integer divided by
another, and can be represented in either decimal of fraction form. The explanation
behind this is visualize you are using long division to divide one number by one
more. You divide, and then you acquire a remainder. Then you carry down a
zero (multiply by ten) and divide again. Well, there are only so many balances
you could perhaps have. For example, for 5, your choices are 0, 1, 2, 3,
and 4. Sooner or later, you will replicate a remainder, at which fact you
will just keep dividing the same method you did last time you saw that
remainder -- and that's the reason why it repeats.