If the interest rate is compounded daily, we have the effective interest rate calculated as:
r = (1 + 0.1022/30)^30 -1
r = 0.1074 or 10.74%
Therefore, the effective interest rate if the compounded daily rather than monthly is 10.74-10.22 = 0.52 points higher.
Answer:
(120 * 32) + 160,500
Step-by-step explanation:
Brainliest!
Hello! For this question, first, we have to find the area of the spherical container. The formula for finding the area of a sphere is 4/3πr³. We raise the radius to the 3rd power and multiply it by pi (3.14). The radius is 9 cm. 9³ is 729. There's that number. Now, we multiply 81 by 3.14 to get the total area of the square. 729 * 3.14 is 2,289.06. Now, multiply that by 4/3. 2,289.06/1 * 4/3 is 3,052.08. The volume of the sphere is 3,052.08 cubic centimeters. Which brings us to the next part. Now, we can find the price of the solution by multiplying the area by the price. 3,052.08 * 2.10 is 6,409.368 or 6,409.37 when rounded to the nearest cent. The total value of the solution in the container is $6,409.37.
