No thats only if your multiplying it gets confusing like that
Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
_____
<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
For example:
x+2y=7
6x+7y=2
__________
x=7-2y *
6*(7-2y)+7y=2 **
__________
x=7-2y
42-12y+7y=2
__________
x=7-2y
-5y=-40
__________
x=7-2y
y=8
x=-9
Your initial instinct would be to solve this problem with this solution. 34 x 57 = 1,938 petals.
However, the word estimate is present; therefore, we have to consider that we need to get the approximate number and not the exact number of petals.
There is a general rule regarding estimation or approximation. You have to round it to the nearest place you have based on. In this problem we round it off to the nearest tens place.
If the number is below 5, you round it down: 34 is rounded down to 30 petals.
If the number is above 5, you round it up: 57 is rounded up to 60 sunflowers.
Thus, your equation would be : 30 x 60 = 1,800 petals (best estimate)
In 4 seconds, number of beats = 28
In 1 sec., it is = 28/4 = 7
Now, In 30 seconds, it would be: 30 * 7 = 210
In short, Your Answer would be: 210 beats
Hope this helps!
