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natali 33 [55]
3 years ago
10

How much interest would $1500 earn in one day at a rate of 1.75% compounded daily?

Mathematics
1 answer:
soldi70 [24.7K]3 years ago
5 0

Answer:

1526.25 so in one day the interest will have added 26.25

Step-by-step explanation:

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<h3>Answer:</h3>

System

  • p + m = 10
  • 0.8m = 0.4·10

Solution

  • p = m = 5 — 5 lb peanuts and 5 lb mixture
<h3>Step-by-step explanation:</h3>

(a) Generally, the equations of interest are one that models the total amount of mixture, and one that models the amount of one of the constituents (or the ratio of constituents). Here, there are two constituents and we are given the desired ratio, so three different equations are possible describing the constituents of the mix.

For the total amount of mix:

... p + m = 10

For the quantity of peanuts in the mix:

... p + 0.2m = 0.6·10

For the quantity of almonds in the mix:

... 0.8m = 0.4·10

For the ratio of peanuts to almonds:

... (p +0.2m)/(0.8m) = 0.60/0.40

Any two (2) of these four (4) equations will serve as a system of equations that can be used to solve for the desired quantities. I like the third one because it is a "one-step" equation.

So, your system of equations could be ...

  • p + m = 10
  • 0.8m = 0.4·10

___

(b) Dividing the second equation by 0.8 gives

... m = 5

Using the first equation to find p, we have ...

... p + 5 = 10

... p = 5

5 lb of peanuts and 5 lb of mixture are required.

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So, in  1  hour,  J  paints  1/6 th of the room

Using similar logic, in  1  hour,  T  paints  1/12 th of the room.

Working together in one hour, they paint  (1/6+1/12) th =1/4  of the room.

1/4  of the room is painted in  1  hour

So,  1  room is painted in  1 1/4=4  hours

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