What is the result of converting 5 pounds into ounces?
1 answer:
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Answer:
$2234.26
Step-by-step explanation:
The formula is ...
i = Prt
Filling in the numbers, we have ...
i = $63000·0.11·(118/366) ≈ $2234.26
The year beginning Jan 16, 2012 and ending on the same date in 2013 has 366 days, so we use that for the number of days in the year. Similarly, the day Feb 29, 2012 adds one day to the interest-earning period, so there are a total of 118 days between 1/16/2012 and 5/13/2012.
