We know the compound interest formula is given by
Now, we have been given that 24,000 is invested for 2 years with an APR of 6% and daily compounding. Thus, we have
On substituting these values in the above formula for the compound interest, we get
Therefore, the balance in the account after 2 years is 27059.7
Answer:
The missing side length is 3 units long.
Step-by-step explanation:
Use the Pythagorean Theorem where c²=a²+b²,
c=2√3, c²=12
a²=√3, a²=3
Solving for the missing side yields a side length of 3.
Answer:
1 and 1/6 cups of flour
Step-by-step explanation:
We need the fractions to have common denominators so multiply 1/2 by 3 and 2/3 by 2 to get the common denominator of 6.
1/2 x 3/3 = 3/6
2/3 x 2/2 = 4/6
Add the two fractions
3/6 + 4/6 = 7/6 or 1 & 1/6
