Question

Need help in accounting will give medals too each question I post please we and thank you

Answer 1

tag me when you do.

Answer 2

Using the interest formula compute the interest and maturity values.
#1
$4,000 is the principal
Interest term is 11.5%
Rate is 60 days
@Will.H

Answer 3

you can use exponential function
f(x)= p(1+r)^x
where p= initial number
r is the percent rage
x is the time
f(x)= 4000(1+ 11.5/100)^60

Answer 4

just note that t normally is years. but we can convert 60 days into years. let me do it. 1m

Answer 5

The formula above is used when finding intrest rates over the years. However.
In your question the time is in days. there's another formula
\[P(1+rt)\] where p s the initial number and t is time in days and is the percent
so p=4000 and r= 11.5% which means 0.115 (after dividing on 100) and t = 60
therefore
4000(1+ 0.115(60))
which would equal
31600$ hope that helps

Answer 6

So the interest would be after all $31,600?

Answer 7

that's the principal after 60 days at a growth of 11.5%

Answer 8

make sense?

Answer 9

Hm not sure , I understand but thanks. I'm gonna try to use the info you gave.