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Racc
02.02.2021 •
Mathematics
Chai Hu deposited $5500 in a savings account earning 6% interest compound quarterly if he makes no other deposits or withdrawals how much will he earn in 25 days
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Ответ:
5,477.63
Step-by-step explanation:
First, convert R percent to r a decimal
r = R/100
r = 6%/100
r = 0.06 per year,
Then, solve our equation for P
P = A / (1 + r/n)nt
P = 5,500.00 / (1 + 0.06/4)(4)(0.068448)
P = 5,500.00 / (1 + 0.015)(0.273792)
P = $ 5,477.63
Summary:
The principal investment required to get
a total amount of $ 5,500.00
from compound interest at a rate of 6% per year
compounded 4 times per year
over 0.068448 years
is $ 5,477.63.
** i got this from calculator soup
Ответ:
For example (1/4)/(1/8) = (1/4)x(8/1)=2
Multiplication of the answer and the piece that divides (in this case 2 x 1/8), you should get the piece that is being divided (in this case 1/4). If that is correct, then your division is correct.