1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatuchka [14]
3 years ago
8

How much should you invest at 3% simple interest in order to earn $65 interest in 14 months?

Mathematics
2 answers:
alexgriva [62]3 years ago
7 0

Answer:

You should invest approximately $1857

Step-by-step explanation:

The simple interest is calculated using the formula;

I=\frac{P\times T\times R}{100}

Where P is the principal - the amount to be invested.

We must convert the 14 months to years.

T=\frac{14}{12}=\frac{7}{6} is the time in years.

R\%=3\% is the rate percent.

I=$65 is the interest.

We substitute the values into the formula to get;

65=\frac{P\times \frac{7}{6}\times 3}{100}

Simplify to get;

65\times 100=P\times \frac{7}{2}\times 1

\frac{6500\times2}{7}=P

1857.14=P

You should invest approximately $1857

Lostsunrise [7]3 years ago
3 0

Answer:

The investment amount is approximately $63

Step-by-step explanation:

Formula:-

Simple interest I = PNR/100

P - Principle amount

N - Number of years

R - Rate of interest

It is given that,

To find the amount to be invest

we have,

P = ? N 14 months  = 7/6 years and R = 3%

P + PNR/100 = 65

P[1 + NR/100] = 65

P[1 + (7*3)/(6*100)] = 65

P[1 +7/200] = 65

P[207/200] = 65

P = (65*200)/207 62.801 ≈ 63

Therefore the investment amount is approximately $63

You might be interested in
A road construction crew is resurfacing the highway between point d and e. The distance between point d and e is 93 miles of roa
Ulleksa [173]
93 - 35 = 58
58/2.9 = 20
it will take them 20 more days.
3 0
3 years ago
-6x-6×-6x-6×-10x-2×-10x-2
katovenus [111]
The correct answer is 518,400
3 0
3 years ago
a recipe for barbecue sauce calls for 1/2 cup of brown sugar for every 2/3 of ketchup How many cups of brown sugar is required f
olga2289 [7]

Answer:

3/4

Step-by-step explanation:

1/2 : 2/3

X : 3/3

3/4 : 3/3

7 0
3 years ago
Read 2 more answers
The sum of y and two, all divided by five
TiliK225 [7]

Answer:7

Step-by-step explanation:

Divide, divides, divided by, the

quotient of, the ratio of, equal

amounts of, per

÷

Divide x by 6

x

6

or x ÷ 6

7 divides x

x

7

or x ÷ 7

7 divided by x

7

x

or 7 ÷ x

8 0
3 years ago
Students are finding it difficult to determine if a certain graph is a function. Which is the BEST strategy for the students to
tekilochka [14]

Answer:

A) vertical line test



6 0
3 years ago
Other questions:
  • What’s the nth term of 7,14,23,34,47,62,79
    9·1 answer
  • Chris estimated the product of 37 and 86 by multiplying 40x90.Tell how you know if this is greater than or less than the actual
    12·1 answer
  • Is (5+10)x=x(5+10) a distributive property
    10·1 answer
  • 2.) Which expression has a value of -4?<br> A. (-4) B. |-4| C. |4|<br> D. -|4|
    11·2 answers
  • Which is the value in this equation 4x+5=3x+4
    11·1 answer
  • Liliana is using dark power crystals to raise an army of zombies. Each dark power crystal can raise 12 zombies. How many dark po
    7·1 answer
  • If 2^2x= 8^x-1 what is the value of x?
    10·2 answers
  • 6. (07.02 MC)
    10·1 answer
  • HELP pls <br><br> which of the above solids has the larger surface area
    5·2 answers
  • _____ teaspoon is equivalent to 5 ml.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!