sarahsingleton1 sarahsingleton1

01-12-2016
Mathematics

contestada

Jake earned $430 in interest on a $2500 investment after 18 months. What was the annual interest rate? (round to the nearest whole percent)

Respuesta :

apologiabiology apologiabiology

01-12-2016

I=PRT
I=interest
P=principal=investment
R=rate in decimal
T=time in years
remember 12 months per year

given
I=430
P=2500
R=?
T=18/12 years=1.5years

430=2500 times r times 1.5
430=3750r
divide both sides by 430
0.1146666=r
11.4666%
11%

Answer Link

mikehallusarmy mikehallusarmy

01-12-2016

17% interest rate will give you 425 dollars

Answer Link

Otras preguntas

is a 1.5 V battery is connected in a simple circuit to a lightbulb with a resistance of 8 Ohms the amount of current flowing through the circuit is...

Settlers in the 18th century American backcountry sometimes resorted to violent protest to express their grievances. Analyze the causes and significance of TWO

What hormone causes drowsiness?

An insoluble solid formed during a reaction is called a ________________________.

Over time weeds have become resistant to pesticides. Which process explains how pesticide resistance developed? A. species becomes extinct B. biological inherit

Turn 0.46 into a fraction

which document set forth a specific plan for government by the people of the United States

Emily buys a toaster during the sale for 10% off. If Ellen pays $36, what was the original price?

how are people different from each other

The value root of 40 of lies between which two consecutive integers