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

what was the first industry to be regulated by the united states goverment?                                               a. oil   b.meat packing  c. steel  D.
Because the majority of the evening cable TV programs available dealt with violence and sex, the parents decided that the programs were for the children to watc
how do I solve (3+i)(3-i)
How many union ships did the Virginia sink?
Which physical feature has most limited the movement of people living in North America ?
Which physical feature has most limited the movement of people living in North America ?
Ratio equal to the ratio given 12:7
Add the following fractions.3/8 + 5/12 =
Which type of twins are likely to interact with each other in the womb a. Non-identical b. Identical c. neither
Who did Odysseus leave behind when he left Troy for Ithaca, and how was it destructive?