Ask question

Ask question

All categories

r-ruslan [8.4K]

2 years ago

14

after five years of earning interest at an annual rate of 4% and investment has earned $1,200 in interest determine the amount o

f initial investment show all work for full credit

1 answer:

loris [4]2 years ago

6 0

Answer:

$6000

Step-by-step explanation:

$1200/5years =$240/1yr

$240=4%

:. 1%=$60

Initial investment =$60*100%=$6000

You might be interested in

What is the perimeter?<br> 8 m<br> 4 m<br> 4 m<br> 12 m<br> meters<br> Submit

lilavasa [31]

Add all of the numbers together, 28m is the final answer

7 0

1 year ago

Jessica deposited $2000 into an account with a 7.6% annual interest rate, compared quarterly. Assuming that no withdrawals are m

joja [24]

Answer:

Step-by-step explanation:

use

i=prt

i=interest

p= principal value

r=rate

t=time

now you want to find time then it will be

t= i/pr

put values

t= 3722/(2000*7.6%)

t= 2 years

calculation is in fraction but your question given you annual interest so time will also be 2 years not in months

8 0

2 years ago

Read 2 more answers

What is the solution to the inequality?<br><br> 4(2x+5)-2x more than or equal to 10

Alexxx [7]

See attached for the solution

4 0

2 years ago

Just checking this... It would be C right?

DerKrebs [107]

Answer: yes it is

Step-by-step explanation:

7 0

2 years ago

who wants to play cod with me btw i'm 17 and a girl and i'd to play wit sum gamer girls and if ur a dude that's cool too i guess

Nitella [24]

Answer:

Ayyy im 17 too and play video games

Step-by-step explanation:

xbox or play station?

5 0

2 years ago

Read 2 more answers