The beginning balance of Cooper's savings account for the month of September was $5700, and it remained this way for the first 11 days of the month. On September 12, Cooper made a withdrawal of $900, so his balance changed, and it remained the same for a total of 9 days. On September 20, Cooper made a deposit of $1100, so his balance changed again, and it remained the same for a total of 10 days to finish out the month. Cooper's savings account has an APR of

Complete question :

The beginning balance of Cooper's savings account for the month of September was $5700, and it remained this way for the first 11 days of the month. On September 12, Cooper made a withdrawal of $900, so his balance changed, and it remained the same for a total of 9 days. On September 20, Cooper made a deposit of $1100, so his balance changed again, and it remained the same for a total of 10 days to finish out the month. Cooper's savings account has an APR of 3.65%, calculates interest daily, and pays interest at the end of the month. Cooper wants to calculate the amount he earned in interest during the month of September.

Part I: What interest rate does Cooper's savings account pay per day?

Part II: How much did Cooper earn in interest during the first 11 days of September?

0.01% ; $6.27

Step-by-step explanation:

Given :

Annual percentage interest (APR) = 3.65%

To obtain the daily interest :

APR / Number of days in a year

3.65% / 365

0.0365 / 365

= 0.0001

= 0.0001 * 100

= 0.01%

B.) Interest earned during first 11 days :

Using the relation :

Interest earned = Principal * Rate * Time

Principal = $5700 ; daily rate = 0.0001 ; number of days = 11

Interest earned = (5700 * 0.0001 * 11)

Interest earned = $6.27

mxb67

step-by-step explanation:

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05