1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stich3 [128]
3 years ago
15

The Garzas plan to invest $2,000 for 5 years. What annual simple interest rate must the investment earn in order for the Garzas

to double their money?
Mathematics
1 answer:
insens350 [35]3 years ago
8 0

Answer:

r=20%

Step-by-step explanation:

we know that

The simple interest formula is equal to

A=P(1+rt)

where

A is the Final Investment 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=5\ years\\ P=\$2,000\\ A=\$4,000\\r=?

substitute in the formula above

4,000=2,000(1+5r)

solve for r

2=(1+5r)

5r=2-1\\5r=1\\r=\frac{1}{5}=0.20=20\%

You might be interested in
If f(x) = x2 + 1 and g(x) = x – 4, which value is equivalent to (f circle g) (10)?
mariarad [96]

Answer:

jk

Step-by-step explanation:lol

7 0
2 years ago
A bank offers a loan for $8,000 which earns 4.25% interest compounded annually. What is the correct formula to determine how muc
Kisachek [45]

Answer:

C, A = 8,000(0.0425)5

7 0
3 years ago
How do you simplify 4^-2h^-4j^3
notka56 [123]
    j^3
_______
4^2 h^4

when you have negatives, you want them to be positive. To do that you need to convert it into a fraction
7 0
3 years ago
|2i+3j| is equal to:
IgorLugansk [536]

babe what are you doing on brainly?

8 0
2 years ago
Read 2 more answers
Factor the following polynomial completely. 5x4+20x3-105x2
worty [1.4K]

Answer:

5x^{2}(x+7)(x-3)

Step-by-step explanation:

5x4+20x3-105x2

5x2( x^2 +4x -21)

5x^{2}(x+7)(x-3)

4 0
2 years ago
Read 2 more answers
Other questions:
  • Tell whether the expressions in each pair are equivalent <br><br> 5·(4-4) and 0
    11·1 answer
  • How do I solve this math problem?
    12·1 answer
  • A function takes in values of the blank variable called inputs and gives back values of the blank variable called outputs
    13·1 answer
  • a delivery truck is transporting boxes of two sizes: large and small. The combined weight of a large box and a small box is 90 p
    11·2 answers
  • judith baked 30 peanut butter cookies and 48 chocolate chip cookies to package in plastic containers for her friends at school s
    9·1 answer
  • Provided below are summary statistics for independent simple random samples from two populations. Preliminary data analyses indi
    6·1 answer
  • A stop sign is in the shape of a regular octagon what is the measure of each exterior angle
    9·2 answers
  • Can someone help me with this please?
    13·2 answers
  • Write an equation for the line passing through the given pair of points. Give the final answer in standard form.
    12·1 answer
  • If a woman making $17 an hour gets 20% raise, she will make an additional 1/10 of her salary an hour.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!