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Flauer [41]
3 years ago
5

How much should you invest at 4% simple interest in order to earn $50 interest in 6 months

Mathematics
1 answer:
LenaWriter [7]3 years ago
4 0
Simple interest formula
Interest = Pit = $50
P=principal (initial investment)
i=annual interest rate = 0.04
t=time in years = 6 months = 0.5 years

Substitute values,
$50 = P*0.04*0.5 
Solve for P
P=$50/(0.04*0.5)=$2500


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Step-by-step explanation:

8 0
3 years ago
The gas tank is 20% full. At $3.00 per gallon of gas, find the cost to fill the tank. (1 gal = 231 in.3)
rewona [7]
The correct question in the attached figure

we know that

to fill the tank is required--------> 100%-20%--------> 80%
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the answer is
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7 0
3 years ago
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klemol [59]
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4 0
2 years ago
Compare 5/8 1/3<br> (A) =<br> (B)&gt;<br> (C)&lt; <br> (D)none of the above
Sav [38]

Answer:

5/8 > 1/3

so the answer is B >

Step-by-step explanation:

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6 0
3 years ago
A plot of land is valued at $18,000.Land tax is charged at the rate of 0.70 per $100. What is the total amount of tax paid for t
Vladimir [108]

Answer:

<em>The total amount of tax paid for the land was $126</em>

Step-by-step explanation:

<u>Proportions</u>

The land tax charged is 0.7 per each $100 of the land value. For easy calculations, we find the ratio or proportion to be applied to the value of the land as:

0.7 / 100 =0.007

This factor can be used to obtain the tax charged for a given value of the land.

The plot of land of the question is valued at $18,000.

The tax charged is, then:

0.007*18,000 = 126

The total amount of tax paid for the land was $126

8 0
3 years ago
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