In Exercises 7–12, use the following information. The metric system is based on three di...

In Exercises 7–12, use the following information. The metric system is based on three different units:

• the gram (1 gram = 0.0022046 pound)

• the meter (1 meter = 39.37 inches)

• the liter (1 liter = 61.025 cubic inches)

Other units are formed by adding the following prefixes to these basic units:

• kilo-, which means one thousand (for example, 1 kilometer = 1,000 meters)

• centi-, which means one hundredth (for example, 1 centimeter = 1/100 meter)

• milli-, which means one thousandth (for example, 1 millimeter = 1/1,000 meter)

In December 2009, Massachusetts’ Capital Crossing Bank offered a money market account with a 5.75% interest rate. This means that Capital Crossing Bank will pay interest at a rate of 5.75% per year.

a. Use dimensional analysis to convert this to a percent per day.

b. If you deposited $10,000 on September 1, how much interest would your account earn by October 1? (There are 30 days in September.) (Round off to the nearest cent.)

c. If you deposited $10,000 on October 1, how much interest would your account earn by November 1? (There are 31 days in October.) (Round off to the nearest cent.)