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

Which would be the least helpful for supporting interpretations about the lives of late nineteenth-century immigrants?

7e−4=31 solve for e.

Which of the following is not part of testing a hypothesis? A. Gathering evidence B. Reasoning C. Collecting data D. Modeling

M is the midpoint of CF (line over it) for the points C(3,4) and F(9,8). Find MF

Jonathan’sparents told him that for every 5 hours of homework or reading he completes, hewill be able to play 3 hours of video games. His friend Lucas’s parents

There are many freshwater and saltwater areas in the everglades. What is the simple subject?

it sociable and outgoing is synonyms or antonyms or neither

why did the colonies and Britain fail to achieve a compromise to avert hostilities?

Which approach best defines how writers of historical fiction try to appeal to readers? A.by providing an accurate, fact-based picture of history B.by alterin

which group in american society might have opposed progressive reform? Explain