Answer:
Step-by-step explanation:
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 ×
Or, $ 114,000 = $ 98,000 ×
Or, =
or, 1.16326 =
or, = 1 +
1.00005919 - 1 =
or, 0.00005919 =
∴ R = 0.00005919 × 365000 = 2.16
Hence the rate of interest for compounded daily is 2.1 6 Answer
Answer:
$6,322.11
Step-by-step explanation:
The future value of a lump sum (S) invested today at an interest rate 'r' for a period of 'n' years, if interest is compounded annually is:
In order to obtain $11,200 after 6 years, the required investment at a 10% rate per year is:
You need to deposit $6,322.11 today in order to reach your goal in 6 years.
Answer: 1. [-8, 8]
2. [-27, 27]
Step-by-step explanation:
1. |X|≤8
x≤8 or x>=-8
-8<=x<=8 ==> [-8, 8]
2. |X|≤27
x≤27 or x>=-27
-27<=x<=27 ==> [-27, 27]
£350 because 420/6 is 70 and 70*5 is 350