First, converting R percent to r a decimal
r = R/100 = 5.3%/100 = 0.053 per year.
Putting time into years for simplicity,
53 days / 360 days/year = 0.147222 years.
Solving our equation:
A = 502.45(1 + (0.053 × 0.147222)) = 506.3704997767
A = $506.37
The total amount accrued, principal plus interest, from simple interest on a principal of $502.45 at a rate of 5.3% per year for 0.147222 years (53 days) is $506.37.
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This is the graph that the equation shows:
Answer:
6322
Step-by-step explanation:
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4 feet because 7x3x4 is 84
