Step-by-step answer:
Given:
5% annual interest (APR)
compounded daily
Principal = 500
Solution:
Since it is compounded daily, we first calculate the
daily rate = 5% / 365 = 0.05/365
After one year,
future value
= 500 ( 1 + 0.05/365)^365
= 525.634 (to the tenth of a cent)
note: sometimes a year is considered to be rounded to 360 days, or 366 days for a leap year, but there is practically no difference in the results for this problem.
Answer:
6% growth
Step-by-step explanation:
The equation =
A = 2300(1.06)⁷
What does 0.06 represent in the equation?
The formula for Exponential growth =
y = a (1 +r)^t
Where
y = Size after time t
a = Initial size
r = Growth rate in Percentage
t = Time t
Equating both Equations together
y = a (1 +r)^t = A = 2300(1.06)⁷
1 + r = 1.06
r = 1.06 - 1
r = 0.06
Converting to percent
r = 0.06 × 100
r = 6% growth rate
Answer:
Step-by-step explanation:
You multiply by the reciprocal of 1/5 to make the equation 1/3*5/1 to get 5/3
if u dont know this *=multiplication
Answer:
$3.50
Step-by-step explanation:
to find the range you take the highest number and the lowest number and subtract them
so with that, let us do just that-
$5.75, $3.75, $3.25, $2.25
$5.75-$2.25
=$3.5
and since we're dealing with money we must add a '0' to the end of the decimal- $3.50
good luck :)
i hope this helps
brainliest would be highly appreciated
have a nice day!
Answer:
2sqrt3 rational -11/8 rational 99.49 repeating irrational 16pi irrational sqrt64 rational
Step-by-step explanation:
I used a rational and irrational numbers chart