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

if you live 35 miles from work & drive 35 mph how long would it take to get there

The neolithic revolution is most closely associated with....

Terri's teacher gives her the equation 3(5)^x=127-2x, and tells her that she will not know how to solve it algebraically. Explain how Terri could use a graph to

Buck drove 220 miles in 5 hours. What was his average rate of speed?

Terri's teacher gives her the equation 3(5)^x=127-2x, and tells her that she will not know how to solve it algebraically. Explain how Terri could use a graph to

What is the change in number of individuals in a population over time? A. population decrease B. population stability C. population growth D. population resista

other name for blood

The process by which rocks are broken down into smaller fragments by the atmosphere and other factors in the environment is called?

The plans for a shed call for a rectangular floor with a perimeter of 204 ft. The length is two times the width. Find the length and width.

The circumference of a circle is 6.28.What is the area of the circle?