Help Please 2(-1+-4)-d^2
1 answer:
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The compound interest formula is :
where, A= Future value including the interest,
P= Principle amount, r= rate of interest in decimal form,
t= number of years and n= number of compounding in a year
Here, in this problem P= $ 51,123.21 , t= 20 years and 2 months
So, t= 20 + (2/12) years
t= 20 + 0.17 = 20.17 years
As the amount is compounded daily, so n= (12×30)= 360 [Using the traditional Banker’s rule of 30 days per month]
Thus,
When the interest rate is given, then we can use this equation for finding the future value.
ANSWER
EXPLANATION
It was given that,a bottle of la belle bœuf contains 3/8 ounces of perfume.
We want to find how many ounces of perfume would 4 1/2 bottles contain.
If 1 bottle contains 3/8 ounces;
Then 4½ bottles should contain more ounces.
If more less divides.
4½ bottles contain
=1.6875 ounces.