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stira [4]
4 years ago
14

The cost of 13 credit hours was 1222 what did 11 credit cost

Mathematics
2 answers:
andrew-mc [135]4 years ago
8 0
It's 1034
because 1222 x 11/13 = 1034
Tamiku [17]4 years ago
7 0
1222 * 11 / 13 = 1034
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0.00592 to 4 decimal places
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Step-by-step explanation:

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How much more would $8,000 earn in four years compounded daily at 5% than compounded annually at 5%?
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Answer:

Given the statement:

8,000 earn in four years compounded daily at 5%

To find the amount we use formula:

A = P(1+\frac{r}{n})^{nt}

where P is the principal , A is the amount , n is number of times compounded per year and t is the time in year.

Here, Principal(P) = $8000, r = 5% and n = 365

Substitute these given values we get;

A_1= 8000(1+\frac{5}{365})^{365 \cdot 4}

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A_1= \$9771.28

To find the Interest we use formula:

I_1= A_1-P

I_1= 9771.28 -8000 = \$1771.28

It is also given that:

8,000 earn in four years compounded annually at 5%.

Here, P = $8000, r = 5% , t =4 year and n = 1

Using the same formula to calculate the amount:

A_2 = 8000(1+\frac{5}{1})^{1 \cdot 4}

A_2= 8000(1.05)^4

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A_2= \$9724.05

To find the Interest :

I_2= A_2 - P

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Then;

I_1-I_2 = 1771.28-1724.05 = \$47.23

Therefore, $47.23 more would  $8,000 earn in four years compounded daily at 5% than compounded annually at 5%





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