Janine opens a savings account with a deposit of $720. The account pays 1.4% interest, compounded daily. What is the first day's interest? Round to the nearest cent.

Answers

Answer 1

Answer:

The interest is $0.03

Step-by-step explanation:

($720*0.014)/365

Answer 2

The first day's interest will be $10.15 if Janine opens a savings account with a deposit of $720. The account pays 1.4% interest, compounded daily.

What is compound interest?

It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.

We can calculate the compound interest using the below formula:

[tex]\rm A = P(1+\dfrac{r}{n})^{nt}[/tex]

Where A = Final amount

          P = Principal amount

          r  = annual rate of interest

          n = how many times interest is compounded per year

          t = How long the money is deposited or borrowed (in years)

It is given that:

Janine opens a savings account with a deposit of $720. The account pays 1.4% interest, compounded daily.

P =$720

r = 1.4% = 0.014

n = 365

t = 1 day

[tex]\rm A = 720(1+\dfrac{0.014}{365})^{365\times1}[/tex]

After solving:

A = $730.15

The interest I = A - P

I = $730.15 - 720

I = $10.15

Thus, the first day's interest will be $10.15 if Janine opens a savings account with a deposit of $720. The account pays 1.4% interest, compounded daily.

Learn more about the compound interest here:

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Related Questions

WILL MARK BRAINLIEST IF CORRECT!

Answers

Answer:

Answer Student A was right.

[tex]{ \tt{ \sqrt[3]{1944} = \sqrt[3]{(72 \times 27)} }} \\ \\ = { \tt{ \sqrt[3]{72} \times \sqrt[3]{27} }} \\ \\ = { \tt{ \sqrt[3]{72} \times 3}} \\ \\ = { \underline{ \tt{ \: 3 \sqrt[3]{72} } \: }}[/tex]

URGENT PLEASE HELP WILL MARK BRAINLIEST

Answers

Answer:

The correct answer will be option D.

Step-by-step explanation:

They both have a pretty fair chance of winning.

E = (-52) + 13 + 49 + (-15) + (-36) + 82

Answers

Answer:

E = 41

Step-by-step explanation:

E = (-52) + 13 + 49 + (-15) + (-36) + 82

Take the -ve terms to one side and +ve terms to the other.

E = (13 + 49 + 82) - 15 - 36 - 52

E = 144 - 103

E = 41

In AFGH, GH = FG and mZF = 10°. Find mZH.

Answers

Answer:

f(x)= 40x

Step-by-step explanation:

Hope this helps, have a nice day/night! :D

3x+5y=-9
-6x-10y=18
elimantion substuion method

Answers

Answer:

Infinitely many solutions

Step-by-step explanation:

2(3x + 5y = -9)

6x + 10y = -18

-6x - 10y = 18

0 = 0

What is the product of 0.15 x 0.32? *

Answers

Answer:

0.048

Step-by-step explanation:

Answer:

The answer to 0.15 x 0.32 is 0.048

Write the system of equations below as a matrix

{2x - 7y = 4
{x - 3y = 3​

Answers

x1=2x2=1y1=-7y2=-3c1=4c2=3

Matrix:-

[tex]\\ \sf\longmapsto \left[\begin{array}{ccc}\sf 2 &\sf -7 &\sf 4\\ \sf 1&\sf -3 &\sf 3\end{array}\right][/tex]

If the simple interest on ​$1000 for 2 years is ​$​100, then what is the interest​ rate?

Answers

Answer:

R = 450%/year

Equation:

r = (1/t)(A/P - 1)

Converting r decimal to R a percentage

R = 4.5 * 100 = 450%/year

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Over time, the value of a car decreases. If the value of a car purchased for Php
1,250,000 decreases to Php 1,000,000 throughout a year, what is the rate of change?

Answers

Answer:

-20%

Step-by-step explanation:

Current value of an item and divide it by the value from an earlier period. Subtract one and multiply the resulting number by 100 to give it a percentage representation.

ROC = (current value/previous value​ − 1) x 100

ROC = (1,000,000/1,250,000 - 1) x 100

ROC = (0.8 - 1) x 100

ROC = -0.2 x 100

ROC = -20


The figures in the oval on the left are parallelograms. The figures in the oval on
the right have sides that are equal. In which section should a rhombus be
placed?
A
Parallelograms
Equilateral
B
С
square
rectangle
D
regular
pentagon
section D
section A
1) section c
section B

Answers

Answer:

The answer is C

Step-by-step explanation:

9-3 divided by 1/3 +1

Answers

The correct answer is 1.

Answer:

9-3/ 1/3 +1= 1

Step-by-step explanation:

PEMDAS

What is the slope in other words the answer

Answers

Answer:

gradient

Step-by-step explanation:

gradient is the same as steepness and slopes r steep so its gradient

solve pls brainliest

Answers

Answer:

76%

Step-by-step explanation:

to make this a percentage we need to make the denominator 100. luckily 25*4=100, so multiply 19/25 by 4/4 to get 76/100. so our percentage is 76

Answer:

76%

Step-by-step explanation:

percent is out of 100, so 19*4/25*4=76/100=76%

if you subtract 15 from a number and multiply by-6, the result is -54. What is the number?​

Answers

Answer:

24

Step-by-step explanation:

You do the opposite of whats states -54 divided by -6 because it says the number was multiplied which gives us 9 then since 15 was subtracted we instead add 15 which equals 24.

Answer:

the number is -5.7

Step-by-step explanation:

do everything in reverse operations,

-54 divided by -6= 9.3

9.3-15= -5.7

For proof you can do it yourself on a calculator.

solve 3+x>-9 A) x >3 B) x > -6 C) x>-3 x > D) x> -3

Answers

Answer: the answer should be x>-12

Step-by-step explanation:

3+x>-9

x>-9-3

X>-12

What is the image of M(11,-4) using the translation (x,y)->(x-17,y+2?

Answers

Answer:

(-6, -2)

Step-by-step explanation:

Please help with this question.

Answers

Answer:

x=52º

Step-by-step explanation:

A triangle's angles are equal to 180º.

Given the opposite angle to H is 66º, we can find the opposite angle of angle I. The opposite angle of angle K is 62º, assuming that it is equivalent to the opposite angle of angle I we can solve for x.

66+62+x=180

Add 66 and 62.

128+x=180

Subtract 128 from both sides of the equation.

x=52

Angle x is equal to 52º.

Hope this helps :)

Quadrilateral ABCD has the following
vertices:
A(2, 7)
B(8,1)
C(1, -9)
D(-6, -2)
Is quadrilateral ABCD a parallelogram, and
why?

Answers

Answer:

No because the angle of point C is NOT congruent to the angle of point A.

Step-by-step explanation:

A quadrilateral MUST be a parallelogram if it has both pairs of its opposite angles congruent.

amara needs $624 for her budget every week. She works 40 hours a week.CLEARCHECKWhat is the minimum amount Tamara needs to earn per hour?$per hour

Answers

She needs to earn at least about 16$ every hour

15.6 or

Step-by-step explanation:

Based on the given conditions, formulate:

624 ÷ 40

Reduce the fraction:

get the result:

15.6 or

Answer:

15.6 or

(Hope this helps can I pls have brainliest

What is 1/6 to the power of 3

Answers

Answer:

[tex]\frac{1}{216}[/tex]

Step-by-step explanation:

Exponents on fractions work like this:

[tex](\frac{x}{y} )^a=\frac{x^a}{y^a}[/tex]

Apply that to your problem:

[tex](\frac{1}{6} )^3\\\\\frac{1^3}{6^3} \\\\\frac{1}{216}[/tex]

Answer:

1/216

Step-by-step explanation:

1/6 x 1/6 is 1/36

1/36 x 1/6 is 1/216

What is the solution set of -12x=-74?

Answers

The solution to -12x = -74 is X = 6.16.

As for a set? Elaborate on what you mean by set please

The diagram shows a trapezium.
B
D
Diagram NOT accurately drawn
AD = x cm.
BC is the same length as AD.
AB is twice the length of AD.
DC is 4 cm longer than AB.
The perimeter of the trapezium is 38 cm.
Work out the length of AD.

Answers

Perimeter implies the total length of sides of a given figure. Thus the length AD = 4.75 cm.

A plane figure is any type of figure bounded by four straight sides. Examples are square, rectangle, trapezium, rhombus, etc. A trapezium is a type of plane figure which belongs to a family referred to as quadrilaterals.

The perimeter of a given shape is the sum of the length of its boundaries or sides.

Thus the length AD required in the question can be determined by:

AD = x cm

BC = x cm

AB = 2x cm

DC = 4x cm

Perimeter = AD + BC + AB + DC

                 = x + x + 2x + 4x

Perimeter = 8x

But the perimeter of the trapezium has been given as 38 cm.

Thus,

38 = 8x

x = [tex]\frac{38}{8}[/tex]

  = 4.75

Therefore, the length of AD is 4.75 cm.

For more clarifications on the perimeter of a given shape, visit: https://brainly.com/question/12263031

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The recipe for grandmas famous apple pie calls for 2 cups of flour 1 egg and 3/4 cup of sugar. You accidently use 1 cup of sugar. To keep the quantities proportional how many cups of flour and eggs do you need?

Answers

Answer:

I think 2 1/2 for flour and 2 eggs

solve 6(8y-8)×(8³+8)
with solution​

Answers

Answer:

24960(y-1)

I'm so glad to help you with this question hope you get it

Factorizing by grouping

xy + 2x + 3y + 6

Answers

Answer:

(x+3)(y+2)

Step-by-step explanation:

(xy+2x)+(3y+6)

x(y+2)+3(y+2)

(x+3)(y+2)

how to find the vertex of a parabola in standard form

Answers

Step-by-step explanation:

TO find the vertex, you need to find the x− and y− coordinates.

The formula for the axis of symmetry and the x-coordinate of the vertex is:

x = -b over 2a

To find the y-coordinate the vertex, substitute the value for x into the equation and solve for y

y=a(-b over 2a) squared + b(-b over 2a) + c

A line contains the points (-3,-9) and (4,5). What is the point-slope form of the line? A. y + 9 = -2 (x + 3)
B. y - 5 = 3 (x - 2)
C. y - 9 = 2 (x + 3)
D. y + 9 = 2 (x + 3)​

Answers

Answer:

D

Step-by-step explanation:

First find the slope.

[tex]Slope=\dfrac{y_{2}-y_{1}}{x_{2}-x_{1}}\\\\=\dfrac{5-[-9]}{4-[-3]}=\dfrac{5+9}{4+3}\\\\\\=\dfrac{14}{7}=2[/tex]

Point slope form:

y - y1 = m(x -x1)

y -[-9] = 2 (x - [-3])

y +9 = 2 (x + 3)

Answer 5 and 6 please

Answers

Answer: 5) F:(1,-1)

6) W:(-3,-2)

Step-by-step explanation:

plz help will mark as brainliest​

Answers

10

Explanation:
10/2 = 5

very simple ill give brainlist

Answers

Answer:

100

Step-by-step explanation:

lxw=a

and 5x2+10, so basically just use the area formula with 10 as the values

Answer:

If each side of the square was doubled then you would have a square of 10 cm on each side

the answer is 100

Step-by-step explanation:

5 * 2 = 10

10 * 10 = 100

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