Homework Statement
Dylan received an academic achievement prize of $2,000 from his college. He deposited this money into a savings account on July 15, 2016. If the interest accumulated on the investment when he withdraws the money on March 29, 2017 was $73.93, calculate the annual rate of...
Homework Statement
Michael's investment in his savings account matured to $4,106.32 at the end of 165 days. If the account was earning simple interest at a rate of 4.80% p.a., answer the following.
a. What was Michael's initial investment?
Round to the nearest cent
b. How much interest did...
Homework Statement
Karl invested his savings in a short-term fund that was offering a simple interest rate of 5% p.a. The maturity value of the investment at the end of 300 days was $29,152.08.
a. Calculate the principal amount invested.
Round to the nearest cent
b. Calculate the interest...
A uniform electric field exists between two oppositely charged parallel plates connected to a 13.0V battery. The plates are separated by 7.00x10-4 m.a) Determine the magnitude of the electric field between the plates
b) If a charge of -4.29x10-6 C moves from one plate to another, calculate the...