Answer:
x= 15/2 im pretty sure
Step-by-step explanation:
Answer:
Option B. A = (5/6)^-⅛
Step-by-step explanation:
From the question given above, we obtained:
(5/6)ˣ = A¯⁸ˣ
We can obtain the value of A as follow:
(5/6)ˣ = A¯⁸ˣ
Cancel x from both side
5/6 = A¯⁸
Recall:
M¯ⁿ = 1/Mⁿ
A¯⁸ = 1/A⁸
Thus,
5/6 = 1/A⁸
Cross multiply
5 × A⁸ = 6
Divide both side by 5
A⁸ = 6/5
Take the 8th root of both sides
A = ⁸√(6/5)
Recall
ⁿ√M = M^1/n
Thus,
⁸√(6/5) = (6/5)^⅛
Therefore,
A = (6/5)^⅛
Recall:
(A/B)ⁿ = (B/A)¯ⁿ
(6/5)^⅛ = (5/6)^-⅛
Therefore,
A = (5/6)^-⅛
We know the compound interest formula is given by
Now, we have been given that 24,000 is invested for 2 years with an APR of 6% and daily compounding. Thus, we have
On substituting these values in the above formula for the compound interest, we get
Therefore, the balance in the account after 2 years is 27059.7
Answer:
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Step-by-step explanation
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