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Eduardwww [97]
3 years ago
10

How many years would it take to make $500 interest on a 12000 investment at 3% per year

Mathematics
1 answer:
padilas [110]3 years ago
7 0

Answer:

t=1.4\ years

Step-by-step explanation:

we know that

The simple interest formula is equal to

I=P(rt)

where

I is the Final Interest Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

t=?\\ P=\$12,000\\ I=\$500\\r=3\%=3/100=0.03

substitute in the formula above

500=12,000(0.03t)

solve for t

500=360t

t=500/360

t=1.4\ years

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5 0
3 years ago
Solve for xxx. 12x+7 4012x+7 4012, x, plus, 7, is less than, minus, 11, start color #ed5fa6, start text, space, O, R, space, end
gregori [183]

Answer:

<h2>x < -3/2 and x>48/5</h2>

Step-by-step explanation:

Given  the inequality function 12x+7< -11 and 5x-8>40, we are to solve for the value of x. To solve for x, the following steps must be followed.

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Step 2: Divide both sides of the inequality by 12

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For the inequality 5x-8> 40;

Step 1: Add 8 to both sides of the inequality

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Step 2: Divide both sides of the inequality by 5

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Combining equation 1 and 2, we will have;

x < -3/2 and x>48/5

If x>48/5 then 48/5<x

Combining 48/5<x with x < -3/2  will give  48/5<x<-3/2

4 0
3 years ago
Solve the equation x+0.7=1-0.2x In two different ways
timama [110]
Add 0.2x to both sides
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option #2
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3 0
3 years ago
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vichka [17]

Answer:

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= -3x = 10 - 7y

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3 years ago
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3 years ago
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