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

In addition to Jewish people, a specific group that the Nazis systematically killed during the Holocaust was people with disabilities. people with above-average

You place 40.6 ml of 0.659 M NaOH in a coffee- cup calorimeter at 25.00°C and add 71.3 ml of 0.659 M HCl, also at 25.00°C. After stirring, the final temperature

A bookstore had 210 copies of a magazine. Yesterday it 4/7 sold of them. How many copies were sold yesterday? Write your answer in simplest form

Question 1 with 1 blank¿Tú cómo que ella se llama Patricia? Question 2 with 1 blankEllos no en este pueblo, viajan desde la ciudad. Question 3 with 1 blankEl ho

What does lennie do with the water that makes him proud of himself

If the owner of a children's day-care center were to answer the question, "what business are you in?" with the statement, "We nurture children and provide them

calculate the wavelength of light associated with the transition from n=1 to n=3 in the hydrogen atom?

First person to answer will have a great day

Click through and choose the image that best represents the physical process that most likely resulted in the formation of the Rocky Mountains.

Determine which of the four levels of measurement (nominal, ordinal, interval, ratio) is most appropriate. Years of elections: 1988 comma 1992 comma 1996 comm