3 years ago

Find the compound amount on an investment of $8,500 at 7.5% compounded daily for 3.5 years.

Mathematics

1 answer:

Leto [7]3 years ago

7 0

Answer:

Accrued Amount: 10955.51, Total Interest: 2455.51

Step-by-step explanation:

A = P(1+r/n)nt

CI = A-P

Where,

CI = Compounded interest

A = Final amount

P = Principal

t = Time period in years

n = Number of compounding periods per year

r = Interest rate

You might be interested in

What is the solution to the problem 2y+3=4y+2

yulyashka [42]

Answer:

y = 1/2

Step-by-step explanation:

Step 1: Solve for y

2y + 3 = 4y + 2

2y + 3 - 2 - 2y = 4y + 2 - 2 - 2y

1 / 2 = 2y / 2

1/2 = y

Answer: y = 1/2

8 0

3 years ago

Read 2 more answers

Identify the location of the point (-3, -2). A. P B. Q C. R D. S

docker41 [41]

Answer:

You haven't given a picture of the graph dear.

The point (-3,-2) lies in the third quadrant.

8 0

2 years ago

Metoda comparației

kozerog [31]

Answer:

Aflam cat costa 1 stilou (38 - 8) : 6 = 30 : 6 = 5 lei

5 0

3 years ago

A survey of students at a large high school reveals that 59% of the students are studying a language other than English. The opt

Colt1911 [192]

Answer:

B) 0.102

Step-by-step explanation:

Edge 2021

6 0

3 years ago

If 5 inches represent 15 feet, how many inches would represent 45 feet?

r-ruslan [8.4K]

Answer:

26 rows · An inch is a unit of length equal to exactly 2.54 centimeters. There are 12 inches in a foot, and 36 inches in a yard. There are 12 inches in a foot, and 36 inches in a yard. Feet to Inches Conversions

Step-by-step explanation:

5 0

2 years ago