mthomas81 mthomas81

03-07-2018
Mathematics

contestada

how much should you invest at 4% simple interest in order to earn $50 interest in 6 months

Respuesta :

mathmate mathmate

03-07-2018

Simple interest formula
Interest = Pit = $50
P=principal (initial investment)
i=annual interest rate = 0.04
t=time in years = 6 months = 0.5 years

Substitute values,
$50 = P*0.04*0.5
Solve for P
P=$50/(0.04*0.5)=$2500

Answer Link

Otras preguntas

he Brahmans, the highest Hindu caste, consisted mainly of

What is blas? presenting factual information presenting both sides of the issue presenting objective information presenting one side of the issue

Explain the term foreign key and give an example (Hint, for the example, provide two tables and show the relationship between them).

(7. Divide 124 by 4: The quotient is The remainder is

factorise (2x+4)(x-2)+(x+2)(4×-7)

Which attribute measurement operation can be applied to all of the levels of data measurement? average; isolate; difference; classification

What is a problem that is created by biofuels? A. Growing corn is less costly than growing soybeans. B. Growing plants for biofuels is expensive. C. Growing pla

a square yard is equivalent to three square feet. A:true B:false

The land needed to provide the resources for and assimilate the waste of a person or population is referred to as: an ecological footprint. natural interest. su

how do u know that the decimal for 2/11 repeats without end