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ANEK [815]
3 years ago
15

Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum

simple interest rate Maggie needs to reach her goalWhy is simple interest useful for planning parts of your financial future?
Mathematics
1 answer:
skad [1K]3 years ago
7 0
14100/4000 = 3.525(percent of the total amount she wants compared to planned gain) 3.525/8(years) = .440625... so around 4.4 percent interest for 8 years. As for the second question, I’d assume not to go bankrupt. Hehe. If I’m wrong about the first question please forgive me as it’s my first try attempting such a question.
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Joanne's Dress Shop received an invoice dated July 25 for $1,400, with terms of 2/10, 1/15, n/60. On August 8, Joanne's Dress Sh
ss7ja [257]

The actual amount that should be credited is $757.58.

<u>Solution:</u>

Given that,

2% Discount if paid in 10 days.

1% Discount if paid in 15 days, (but greater that 10 days)

Net due in 60 days.

That is,

\bold{1400\times0.98 = 1372} will close the acount on days 1-10

\bold{1400\times0.99 = 1386} will close the acount on days 11-15

And August 8 is Day 15 and falls under the 1% discount rule.

Therefore, we have to divide the partial payment by the complement of the discount rate.

\bold{\Rightarrow\frac{750}{0.99} = 757.58} from the balance, and \bold{1400.00 - 757.58 = 642.42} is due by day 60.

5 0
4 years ago
Help me out please??????
Jobisdone [24]

Answer:

sorry dont know just did this to get 5 pionts :)

Step-by-step explanation:

4 0
3 years ago
In their last game, the school football team scored an equal number of points in each of the first three quarters, then 14points
Ksenya-84 [330]

Answer:

10 points

Step-by-step explanation:

Points scored in each of the first 3 quarter = x

Total points scored in the first 3 quarter = x + x + x

= 3x

Points scored in the fourth quarter = 14

Total points scored = 44 point

Total points scored = Total points scored in the first 3 quarter + Points scored in the fourth quarter

44 = 3x + 14

Subtract 14 from both sides

44 = 3x + 14

44 - 14 = 3x + 14 - 14

30 = 3x

Divide both sides by 3

x = 30/3

= 10

x = 10 points

Points scored in each of the first 3 quarter = x = 10 points

The school football team scored 10 points points in the first quarter

7 0
3 years ago
If there are 3 basketballs for every 7 students at Wilder, then how many students are there if the store room has 49 basketballs
Doss [256]

Answer:

113 is correct because 49 divided by 3 is 16.33. 16.33 multiplied by 7 is 113

Step-by-step explanation:

3 0
3 years ago
A half-filled cylindrical water tank has a water level of 20 feet high. The tank can hold 6000 cubic feet of water. Find the dia
Anettt [7]

Answer:

d = 13.8 feet

Step-by-step explanation:

Because we are talking about cubic feet of water, we need the formula for the VOLUME of a cylinder.  That formula is

V=\pi r^2h

We will use 3.141592654 for pi; if the tank HALF filled with water is at 20 feet, then the height of the tank is 40 feet, so h = 40; and the volume it can hold in total is 6000 cubic feet.  Filling in then gives us:

6000=(3.141592654)(r^2)(40)

Simplify on the right to get

6000=125.6637061r^2

Divide both sides by 125.6637061 to get that

r^2=47.74648294

Taking the square root of both sides gives you

r = 6.90988299

But the diameter is twice the radius, so multiply that r value by 2 to get that the diameter to the nearest tenth of a foot is 13.8

5 0
4 years ago
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