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
Katyanochek1 [597]
4 years ago
5

A sum of money invested at 8% per annum for simple interests amounts to $12122 in 2 years.What ill it amounts to in 2 years 8 mo

nths at 9% rate of interest?
Mathematics
1 answer:
Jobisdone [24]4 years ago
3 0

Answer:

  $12,958

Step-by-step explanation:

The total amount of the account, principal plus interest, is given by ...

  A = P(1 +rt)

The given information tells us ...

  12,122 = P(1 + .08×2) = 1.16P

Then the principal amount is ...

  12,122/1.16 = 10,450

__

When that same amount is invested using a different rate and time period, it becomes ...

  A = 10,450(1 + .09×(2 2/3)) = 10,450×1.24 = 12,958

It will amount to $12,958 in 2 years 8 months at 9%.

You might be interested in
Please help step by step!!!
Lesechka [4]

Answer:

-7

Step-by-step explanation:

We first are going to flip the equation around.

So instead of 9 times x = -36 we'll do 36/9. 36/9 = -7.

Also you will kind of know it will be a negative number from the beginning since it's -36.

I don't know if that last part makes any sense, but I hope this helps you!

5 0
3 years ago
Read 2 more answers
What is 1/8 as a percent and how did you get it. Also, what is 2/3 as a fraction and how did you get it.
Vesnalui [34]

This is my work. Also 2/3 is a repeating decimal so it’s actually 0.6...

4 0
3 years ago
Walter took out a $6,000 loan for six years. He is being charged 6 percent interest, compounded annually. Calculate the total am
cluponka [151]

Answer:

  $8511.11

Step-by-step explanation:

Each year, the amount Walter owes is multiplied by 1.06, so at the end of 6 years, Walter owes 1.06^6 times the amount he borrowed.

  he will pay $6,000×1.06^6 ≈ $8511.11

_____

At the end of the first year, Walter owes the original loan amount plus 6% interest. That total is ...

  $6000 + 0.06×6000 = $6000×1.06

At the end of the following year, he owes 1.06 times that amount, or ...

  6000×1.06²

The amount owed is multiplied by 1.06 each year until Walter pays off the loan.

8 0
3 years ago
The value of b when solving the equation 2 (6 + 12) = 16 is:
elena-s [515]

Answer:

Step-by-step explanation:

2(6+12)=16

2 X 6 +  2  X  12

12     +     24

       26  =  16

HOPE U GE5T IT

8 0
3 years ago
Describe how the transformed function below is obtained from its parent function. y=x^2 4
Kazeer [188]
I believe its 4 we haven't really went over it
8 0
3 years ago
Read 2 more answers
Other questions:
  • Identify an equation in slope-intercept form for the line parallel to y = 5x + 2 that passes through (-6,-1)
    15·1 answer
  • Which of the following is a step in simplifying the expression-
    14·2 answers
  • Which of the following financial conflict of interest information must be made available by institutions on a public website or
    8·1 answer
  • In the standard (x, y) coordinate plane, what is the slope of the line joining the points (3,7) and (4,−8)?
    11·1 answer
  • PLEASE EXPLAIN Find the area and perimeter of the rectangle whose sides are lengths 2x + 3 and 4x
    15·1 answer
  • Electronics unlimited sells tvs. There are 110 tvs on display in the showroom, and each tv is turned on to a random channel from
    13·2 answers
  • I will give brainiest to whoever answers correctly !!
    12·1 answer
  • What is the slope of the line that passes through the points (10, 3) and (2, 3) ?
    10·2 answers
  • There are 1,428 reptiles at Savannah’s Reptile House. 4
    14·1 answer
  • How to find the GCF, How to find the factor out the GCF, and what are the solutions.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!