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xeze [42]
2 years ago
12

Find the interest for one month on $575 at 3.1% annual interest paid monthly.​

Business
1 answer:
nika2105 [10]2 years ago
4 0

Answer:

$1.5

Explanation:

Interest is compounded monthly.

The applicable formula for amounts after one month is

A = P + (1 + r)^n

P = principal amount $575

r is interest rate 3.1% per year or 3.1/12 per month =0.26% or 0.0026

n= 1 month

A = $575 +( 1+0.0026)^1

A =$575x 1.0026

A= $576.495

A= $576.5

Interest earned in the month

= $576.5 -$575

=$1.5

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3 years ago
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its ass
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Answer:

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7 0
2 years ago
Read 2 more answers
1. Define "Minimum wage", and tell me what the current minimum wage is today.
Dmitriy789 [7]

Answer:

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2) social security is any government system that provides monetary assistance to ppl with an inadequate, or nonexistent income

3) 2037

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6) an addition to employees on top of their base salary

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3 years ago
Tyler Apiaries sells bees and beekeeping supplies. Bees​ (including a​ queen) are shipped in special packages according to weigh
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Answer: 0.143

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Cpk = min[( average weight -Lower Tolerance Limit / 3 (standard deviation) , (UTL- average weight / 3(Standard Deviation)]

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2 years ago
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