lerinmarie
02.09.2019 •
Mathematics
John smith has found a short-term investment opportunity. he can invest $6,000 at 0.75 % interest for 15 days. how much interest will he earn on this investment if the interest is compounded daily? click the icon to view the table of compound interest of $100 compounded daily.
the interest is $ . (round to the nearest cent as needed.)
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Ответ:
$45.16
Step-by-step explanation:
Given:
Principle amount = $6,000
Rate of interest, r = 0.75%
Duration = 15 days
Since, the interest is compounded daily
Future value =
or
Future value =
or
Future value = $6045.16
Therefore,
the interest earned = Future value - Principle amount
or
The interest earned = $6045.16 - $6000 = $45.16
Ответ:
The answer is letter J
Step-by-step explanation:
For the y int it is 3 because that’s where the lines passes through the y axis. Then you find a point where the line goes through which in my case was (2,2) well you went down 1, and right 2 so it’s 1/2 but since the line goes down then the slope is negative so it’s -1/2