Answer:
9,200$ is what he would have after the 40 years
Step-by-step explanation:
9% of 2,000$ is 180$
take the 180$ and multiply it by 40 (40 is the years)
and you get 9,200$
Given the simple interest formula:
I = P•R•T
where:
I = interest
P = principal
R = interest rate
T = time (in years)
We can isolate R algebraically to find out the interest rate:
I = P•R•T
Divide both sides by P•T:
I / (P•T) = (P•R•T)/(P•T)
The formula for the interest rate is:
R = I / (P•T)
Substitute the given values into this formula to solve for the interest rate (R):
R = I / (P•T)
R = $490/ ($1,400 • 5 years)
R = $490 / $7,000
R = 0.07 or 7%
Therefore, the interest rate is 7%.
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If you make 42,500 and your spouse makes 37750, then using the 20% to 25% range, the least and the greatest amount you should spend on housing is $50,00. The correct answer to the following given statement above is 50 dollars.
The answer you selected in that photo given, is correct. I can tell just by using common sense and by judging the other options second option (B) is looking the most clearest one to me.
Answer:
DEF = 103
Step-by-step explanation:
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