At what rate would you need to invest $12000 and make $2880 after 8 years?
1 answer:
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
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
substitute in the formula above
Solve for t
Convert to percent form
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Answer:
0.081,0.2621,0.645,0.919
Step-by-step explanation:
Let X be the average speed of a car driving down freeway
Given that X is normal with mean as 70mph with a standard deviation of 5mph.
To convert to Z score we do
a) the probability that a randomly selected car is driving more than 77mph
b) probability that a randomly selected car is driving between 65 and 69 mph
=
c) the probability that a randonly selected car is driving between 67 and 77mph
=
d) the probability that a randomly selected car is driving less than 77mph
Begin by computing the <span>monthly interest rate like this:
</span>
<span>Each month, we have to substract from $463 the monthly rate and the payment of 5%, which result in the following formula:
</span>
<span>
So, after three months, it ill remains $381.5 in </span><span>Bridgette account. </span>
</span>
<span>Each month, we have to substract from $463 the monthly rate and the payment of 5%, which result in the following formula:
</span>
<span>
So, after three months, it ill remains $381.5 in </span><span>Bridgette account. </span>