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Degger [83]
3 years ago
10

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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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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3 years ago
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