How much should you invest at 3.7% simple interest in order to earn $70 interest in 11 months?

Mathematics

1 answer:

valkas [14]2 years ago

8 0

Step-by-step explanation:

in this condition we are given simple interest time and rate

so principal is missing so we should use the formula of principal that is

P=I×100/T×R

but we should convert that month in to years and we convert it by dividing it by 12.

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Nikitich [7]

Check the picture below.

and since a triangle has a sum of 180° for all interior angles.

A = 180 - 39.34 - 25

A = 115.66

$\bf \cfrac{sin(25^o)}{44}=\cfrac{sin(A)}{a}\implies \cfrac{sin(25^o)}{44}=\cfrac{sin(115.66^o)}{a} \\\\\\ a\cdot sin(25^o)=44\cdot sin(115.66^o)\implies a=\cfrac{44\cdot sin(115.66^o)}{sin(25^o)} \\\\\\ a\approx 93.8452\implies \stackrel{\textit{rounded up}}{a = 93.85}$