3 years ago

what is 25% of 144 (please help i have a few more hours to get done my final exam and this final review

1 answer:

4 0

% 25 = 1/4

Thus :

144 × 1/4 = 36

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Step-by-step explanation:

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masha68 [24]

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jenyasd209 [6]

X^2=10
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Radda [10]

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VLD [36.1K]

We know the compound interest formula is given by

$A=P(1+\frac{r}{n} )^{nt}$

Now, we have been given that 24,000 is invested for 2 years with an APR of 6% and daily compounding. Thus, we have

$P= 24,000\\
\\
t=2\\
\\
r=0.06\\
\\
n=365$

On substituting these values in the above formula for the compound interest, we get

$A=24000\left ( 1+\frac{0.06}{365} \right )^{365\cdot 2}\\
\\
\text{On solving this, we get}\\
\\
A=27059.7$

Therefore, the balance in the account after 2 years is 27059.7

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3 years ago