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shepuryov [24]
2 years ago
5

Mia has an investment that is worth $12,000 after 4 years. If the initial investment was $8,000, what is the annual simple inter

est rate?
Business
1 answer:
Alexus [3.1K]2 years ago
6 0

Answer: 12.5 %

Explanation:

Hi, to answer this question we have to apply the simple interest formula:  

I = p x r x t  

Where:  

I = interest (investment after interests - principal; 12000-8000=4000)

P = Principal Amount (initial invest)  

r = Interest Rate (decimal form)  

t= time  

Replacing with the values given  

4,000= 8,000 (x) 4

Solving for x :

4,000= 32,000x

4,000/ 32,000 =x

x= 0.125

Since the interest rate is in decimal form, we have to multiply it by 100 to obtain the percentage.

0.125 x 100 = 12.5 %

Feel free to ask for more if needed or if you did not understand something.  

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If consumption expenditures are $200 billion, total investment is $50 billion, government purchases are $40 billion, exports are
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Based on the information given the aggregate expenditures must be: $295 billion.

Using this formula

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Where:

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4 0
2 years ago
Both SAR and EC are important attributes of irrigation water. What do these measures indicate? What is the danger of irrigation
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Answer:

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4 0
2 years ago
Green Living Construction Company installs solar panels in large newly constructed buildings. The company employs several expert
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Answer:

The correct answer is B

Explanation:

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7 0
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Select the letters of ALL accounts that are classified as ASSETS. *There may be one or more answers. *
Harrizon [31]

Answer:

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