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3 years ago

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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Which of the following systems has an infinite number of solutions?

VARVARA [1.3K]

Answer:

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Step-by-step explanation:

Remember that if a system of equations has an infinite number of solutions, then the resulting equation from using the first step of the elimination method would have no variables and would be true.

1) Let's try canceling out the equations in option C, x+y =-1 and -x-y =-1. Add the two equations together. (Work shown in attached picture.)

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2 years ago

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3 years ago

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<h3>The slope of a tangent to the curve.</h3>

Mathematically, the slope of a tangent line to the curve is given by this equation:

$f'(x) =limh \rightarrow 0\frac{f(x+h)-f(x)}{h}$

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Read more on slope of a tangent here: brainly.com/question/26015157

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2 years ago

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Mumz [18]

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