shy83 shy83
  • 04-08-2017
  • Mathematics
contestada

A deposit of 4,000 at 6.5% for 270 days

Respuesta :

mathmate
mathmate mathmate
  • 05-08-2017
Some institutions use 360 days a year (because then they charge more interest than 365 days).

Assuming the 360 days a year rule, the the daily rate is
6.5% for a year, or 270/360*6.5% for 270 days.
The future amount is then
4000*(1+0.065*270/360)
=$4195  (simple interest).

Answer Link

Otras preguntas

solve .1-cot⁴o / sin⁴o = 1+2 cot²o​
Evaluate 6 + 4/a + b/3 when a=4 and b=3.
Find the area of the shaded region. 80° 5 cm A≈ [?] cm² Enter a decimal rounded to the nearest tenth. Enter
Comparative study of rainfall in Kerala and chhattisgarh through bar graph
A cannon fires a shell at 150 m/s at an angle of 20 degrees to the horizontal. How long is the cannon ball in the air if it lands in the ground level with the m
balanced equation of CuCo3+ HCl​
calculate the dot product of A vector= (-4,-9) and B vector=(-1,2) Do the vector form an acute angle , right angle or , obtuse angle ?​
6. Describe the functions of the Infrastructure Tracking Unit, the Processing Unit, and the Visual Unit with clear flow charts? 7. List down and explain common
Do iron nails rust more in salt water than in vinegar? Please answer ASAP.
the last time i visited aswan ............ in 2017