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irakobra [83]
4 years ago
5

At what rate would you need to invest $12000 and make $2880 after 8 years?

Mathematics
1 answer:
lora16 [44]4 years ago
4 0

Answer:

3\%

Step-by-step explanation:

we know that

The simple interest formula is equal to

I=P(rt)

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

t=8\ years\\ P=\$12,000\\I=\$2,880\\r=?

substitute in the formula above

2,880=12,000(8r)

Solve for t

2,880=96,000(r)

r=2,880/96,000

r=0.03

Convert to percent form

0.03*100=3\%

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Answer:

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Step-by-step explanation:

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68% of the measures are within 1 standard deviation of the mean.

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In this problem, we have that:

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This means that 1 is 3 standard deviations below the mean and 14 is 3 standard deviations above the mean.

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4 years ago
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Step-by-step explanation:

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8 0
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Plot attached

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Now, √36 = 6.

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4 0
3 years ago
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