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

An exclusive class this by boutique triples the price of the items it purchased. What is the boutique markup percentage

Will partial budgets ever contain some fixed ownership costs

ENGLISH QUIZ ABOUT "THE HOBBIT" 15 POINTS. PLEASE HELP. 1. Why can Elrond see the moon letters on Thror's map? Because only elves can see moon letters Because

Is it true that the somatosensory cortex controls motor responses and higher mental functions

A farmer sold 35 bags of rice at 25 % profit. If he sold each bag for ?7500:00. How much was his profit on 25 of the lot.

The ratio of dogs to cats at an animal shelter is 2:5. The number of cats is how many times the number of dogs?

What is the ph of a solution made by mixing 25.00 ml of 0.100 m hcl with 40.00 ml of 0.100 m koh? assume that the volumes of the solutions are additive. what is

What was the most common fruit for the Sumerians? figs grapes melons dates

Most research generates only quantitative data. true or false

To list the achievements and defeats of roosevelt's second term.