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guapka [62]
3 years ago
11

Mrs. Smith has $20,000 to invest. She wants to earn $10,000 in interest. She is considering a savingsand loans bank that is offe

ring her 5.6% interest per year. For how long will she have to leave her money in the bank in order to reach her goal of $10,000?
Mathematics
1 answer:
disa [49]3 years ago
7 0

Answer:

Number of year to get $10,000 as interest = 7.5 year (Approx)

Step-by-step explanation:

Given:

Initial investment = $20,000

Interest on investment = $10,000

Rate of interest = 5.6% = 0.056

Find:

Number of year to get $10,000 as interest:

Computation:

Interest\ on\ investment = Initial\ investment[(1+r)^n-1]\\\\10,000 = 20,000[(1+0.056)-1]\\\\0.5=(1.056)^n-1\\\\1.5 =(1.056)^n\\\\n=7.44

Number of year to get $10,000 as interest = 7.44

Number of year to get $10,000 as interest = 7.5 year (Approx)

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natta225 [31]

Answer: <RPS = 161

Step-by-step explanation:

P is the common vertex in all of these angles. From this we know that these have to be adjacent angles (<QPR and <QPS) that equal the whole angle (<RPS)

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8 0
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How do i solve this problem? how did they get 2.5?
WARRIOR [948]
Take the GCF (-8t) of the given expression.

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joja [24]

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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