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

Find the value of x that makes u and v parallel. Please help me!!
HELP ME OUT PLS I HAVE LITERALLY BEEN WAITING A HOUR!!!! 10) The author uses the headings Written Test and Road Test in order to A) Help the reader know that th
a malignant neoplasmic skin condition that spreads to organs & lymph nodes, which is commonly associated with aids, diabetes, and lymphoma is:
This is the last question I need help on, how can I solve this?
Aujourd'hui, c'est le 15 février. C'est mon anniversaire. J'aime danser et écouter la musique. Je n'aime pas étudier. Aujourd'hui, c'est samedi.
Kaleb defined a $\emph{clever integer}$ as an even integer that is greater than 20, less than 120, and such that the sum of its digits is 9. What fraction of al
Rachel took out a personal loan for $4,500 with a monthly payment of $173. 06 for 36 months. Determine the finance charge on Rachel's loan if she takes all 36 m
Why are my group messages coming in separately android?
What do the images in the video confirm about the pane of glass.
Which of the following is not a step in the "punching" or "folding" step of yeast dough production?