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jeka57 [31]
3 years ago
9

amelia is going to invest in an account paying on interest rate of 6.5% compounded daily? help me plz someone

Mathematics
1 answer:
yaroslaw [1]3 years ago
7 0

Answer:

$9,763

Step-by-step explanation:

Using the compund interest formula;

A = P(1+r)^t

A is the amount = $10,200

rate r = 6.5%= 0.065

time t = years

n = 1/365 ((daily compounding)

Substitute into the formula and get Pincipal P

10,200 = P(1+0.065(365))^5/365

10200 = P(1+23.725)^0.01369

10200 = P(24.725)^0.01369

10200 = P(1.0448)

P = 10200/1.0448

P = 9,762.6

Hence the amount invested is $9,763 to nearest dollars

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A quiz has thirty questions whose answers can only be correct or incorrect.
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Using a system of equations, it is found that Gina got 22 questions correct in the test.

<h3>What is a system of equations?</h3>

A system of equations is when two or more variables are related, and equations are built to find the values of each variable.

In this problem, the variables are:

  • Variable x: Number of questions she got correct.
  • Variable y: Number of questions she got wrong.

The test has 30 questions, hence:

x + y = 30 -> y = 30 - x.

She scored 152 points, hence, considering the value of each question:

8x - 3y = 152.

Since y = 30 - x:

8x - 3(30 - x) = 152

11x = 242

x = 242/11

x = 22

Gina got 22 questions correct in the test.

More can be learned about a system of equations at brainly.com/question/24342899

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PLEASE ANSWER QUICK One year, the population of a city was 164,000. Several years later it was 182,040. Find the percent increas
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Answer:

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If you fill in the formula, you get this:

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Replace the x and y values with the points.

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Solve.

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After that, find the y-intercept form.

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Replace x with 0.

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