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Earn +20 ptsQ: 100000 4 interest compounded daily for 90 days?
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Continue Learning about Math & Arithmetic
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
How many years will it take for an initial investment of 19000 to grow to 38500 Assume a rate of interest of 13 percent compounded daily?
13% daily is worse than any loan shark!Suppose it takes n days, then38500 = 19000*(1 + 13/100)n= 19000*(1.13)nSo 38500/19000 = 1.13nln(38500/19000) = n*ln(1.13)so that n = ln(38500/19000) / ln(1.13) = 5.78So 6 days.
How many years is 100000 days?
274 years. If there are 365 days in a year, just divide 100000 by 365. The answer is 274 years.
What is the future value of 100 after 5 years under 12 percent if compounded annually semiannually quarterly monthly daily?
Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).
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