Question

Pls help w/ these math questions

Answer 1

This is the 1st problem

Answer 2

@Zepdrix or @Vocaloid whenever you guys get a chance

Answer 3

For the first problem use the compound interest formula

\(A = P (1 + \frac{r}{n})^{nt} \)
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year

Answer 4

@dude I did the 1st problem and got $82692.278.

Answer 5

@Shadow

Answer 6

Do you understand how to approach this one. It is similar to the other one.

Answer 7

As they are both being compounded daily.

Answer 8

\(A = P (1 + \frac{r}{n})^{nt} \)
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year

First let's convert the percentage of 2 3/8 %
3/8->0.375
Thus, 2.375%
Convert this to a complete decimal by moving the decimal twice to the left.
\[r = 0.02375\]

Next we convert 2 years and 2 months to purely years.
\[2 months \times \frac{ 1 year }{ 12 months } = \frac{ 2 }{ 12 } = 0.16666666666\]
\[t = 2.16666666666 years\]
\[A = (51,123.21)(1 + \frac{ 0.02375 }{ 365 })^{365 \times 2.16666666666 } \]
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Answer 9

@Shadow was my first answer correct?

Answer 10

Check the screenshot