Chai Hu deposited $5500 in a savings account earning 6% interest compound quarterly if he makes no other deposits or withdrawals how much will he earn in 25 days

5,477.63

Step-by-step explanation:

First, convert R percent to r a decimal

r = R/100

r = 6%/100

r = 0.06 per year,

Then, solve our equation for P

P = A / (1 + r/n)nt

P = 5,500.00 / (1 + 0.06/4)(4)(0.068448)

P = 5,500.00 / (1 + 0.015)(0.273792)

P = $ 5,477.63

Summary:

The principal investment required to get

a total amount of $ 5,500.00

from compound interest at a rate of 6% per year

compounded 4 times per year

over 0.068448 years

is $ 5,477.63.

** i got this from calculator soup

step-by-step explanation:

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is           symmetric about the line y = 120,000.

step-by-step explanation:

given that megan owns a clothing boutique.

the profits of 2010, 11, are recorded and shown as follows:

years since     2010 0     1     2     3       4       5

profits made in 1000's   39       84     111     120   111     84

we find that profit gradually increases form 2010 to 2013 upto 120,   then starts decreasing.

the profits for 2012 and 2014 are the same while that of 2011 and 2015 are also the same.

this shows that there is symmetry about the line profit = 120000

hence answer is:

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is           symmetric about the line y = 120,000.

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