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3 years ago

Find the sum.

Mathematics

1 answer:

hichkok12 [17]3 years ago

8 0

Answer:

C - 19/24

Step-by-step explanation:

Take the fractions and put the denominators into a common factor

$\frac{1}{3}+ \frac{1}{3}+ \frac{1}{8}$

$\frac{8}{24}+ \frac{8}{24}+ \frac{3}{24}$

Add Numerators Across

$\frac{16}{24}+ \frac{3}{24}$

$\frac{19}{24}$

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Bentley is going to invest $98,000 and leave it in an account for 7 years. Assuming

den301095 [7]

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 × $(1+\dfrac{rate}{365\times 100})^{365\times Time}$

Or, $ 114,000 = $ 98,000 × $(1+\dfrac{R}{365\times 100})^{365\times 7}$

Or, $\frac{114000}{98000}$ = $(1+\dfrac{R}{36500})^{2555}$

or, 1.16326 = $(1+\dfrac{R}{36500})^{2555}$

or, $(1.16326)^{\frac{1}{2555}}$ = 1 + $\frac{R}{36500}$

1.00005919 - 1 = $\frac{R}{36500}$

or, 0.00005919 = $\frac{R}{36500}$

∴ R = 0.00005919 × 365000 = 2.16

Hence the rate of interest for compounded daily is 2.1 6 Answer

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