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Joni’s total interest earned is 0.125% of her investment.
<u>Solution:</u>
Given that
Interest earned by Joni per day = $0.625
Investment done by Joni = $1000
Duration of earning interest = 2 days
Total interest earned = interest earned by Joni duration of interest earned.
= 0.625 2 = $1.25
So Joni’s total interest earned is 0.125% of her investment.
Answer:
The balance is $256
Step-by-step explanation:
Given
Required
Determine the balance after 20 visits
Represent the balance with b
Represent the visitation with v
The relationship between the given parameters is:
This gives:
Make b the subject
To get the actual balance after 20 visitation;
Substitute 20 for v
Hence:
<em>The balance is $256</em>