mckinzirauch9
14.07.2019 •
Mathematics
If i invest 5,000 at a rate 8.5% for 13 days? how much interest will i earn on my investment if the interest is compounded daily? i need with setting up formula or in general. any is appreciated.
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Ответ:
Using the formula A = P(1 + r/n)^nt
P = 5,000
r = 8.5% or 0.085
n = 365
t = 13/365 (13 days out of a year)
A = 5,000 (1 + 0.085/365)^365*13/365
A = 5015.16
You will earn $15.16
Ответ:
x = -4
This is the answer o the question.