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

Document 4 explains that Jewish women were sent to the gas chambers because they were not considered strong enough to work the labor camps. Question 6 options:

tap the person that "he" refers to

[tex] \rm For \: a \in\R |a| > 1, let \\ \rm \lim_{n \to \infty } \left \lgroup \rm\frac{1 + \sqrt[3]{2} + \dots + \sqrt[3]{n} }{ {n}^{ \frac{7}{3} } \left(

Question 1 of 24 What was the effect of the Industrial Revolution on the working class? A. Lack of regulation led to long hours, low pay, and dangerous working

A right triangle is described as having having an angle of measure six less than negative two times a number, another angle measure that is three less than nega

Hello, RIGHT ANSWER FIRST WILL GET BRAINLIEST ! I need to know if this is true or false: Is 5/6 equivalent to 7/8?

At a certain moment, the temperature in a snake cage satisfies dT/dt=0.008 C/s. Estimate the rise in temperature over the next 13s.

Body composition is best improved or maintained by participating in a running program. true or false.

How much will a $210 bicycle on sale for 15% off cost?

What is the area of a square if s = 10 inches