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

Compared to mafic magma, silicic magma is ______. A) hotter, less viscous, and more gas-rich B) cooler, more viscous, and more gas-rich C) hotter, more viscous,

With increases in magnification, which of the following occur? a. The field of view decreases. b. The ambient illumination decreases. c. The larger parts can be

A chemical reaction has reached equilibrium when

simplify 30 (1/2 x -2) + 40 (3/4 y - 4)

A battery charger can produce 3A at 12 Volt and charges a battery fer 2 hr. Calculate work in KJ.

Samantha’s rectangular gift is 10 inches. by 12 inches and is framed with a ribbon. She wants to use the same length of ribbon to frame a circular clock. What i

perform the indicated operation 1 1/3 × 3 3/4

The source of the sun's energy is: A. nuclear fusion B. nuclear fission C. crude oil

A class diagram _____. Answer provides an overview of a class's data and methods provides method implementation details is never used by nonprogrammers because

Beginning one month after birth of their son, Noah, the Nelsons deposited $100 each month in an annuity for his college fund. The annuity earned interest at an