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
Mama L [17]
3 years ago
11

You want to save $20,000 to buy a new boat. You deposit $12,500 in an account earning 6.5% simple interest. After how long will

you have enough money in the account to purchase the boat?
Mathematics
1 answer:
Fittoniya [83]3 years ago
8 0

Answer:

9 years

Step-by-step explanation:

S.I = PRT/100

now since you’re aiming at $20,000 and what you deposited was $12,500, this means that you’re looking to raise 20,000-12,500 = $7,500 simple interest.

Hence, S.I = 7,500

P = 12,500

R = 6.5%

T = ?

Substituting these values into the simple interest equation:

7,500 = (12,500 * 6.5 * T)/100

T = (100 * 7,500)/(12,500 * 6.5)

T = 750000/81,250 = 9.23 approximately 9 years

You might be interested in
An arithmetic sequence with a third term of 8 and a constant difference of 5.
larisa [96]
An arithmetic sequence (a_n) is as follows:

a_1\\a_2=a_1+d\\a_3= a_1+2d\\a_4=a_1+3d,... where a_1 is the first term and d is the constant difference, 

thus, we see that the n'th term of an arithmetic sequence is a_n=a_1+(n-1)d


in our particular case d=5, the third term is 8, so we have:

a_3=8=a_1+2\cdot5\\\\8=a_1+10\\\\a_1=-2


and the general term is a_n=-2+5(n-1),


Answer: first term is -2, n'th term is -2+5(n-1)


8 0
3 years ago
What is the exact volume of the cone?
zlopas [31]

Answer:

The third choice, (160/3)π cm³

Step-by-step explanation:

The formula for volume of a cone is

V = (1/3)πr²h   where r is the radius of the base, and h is the height

Here, r = 4 and h = 10. plug those values in and simplify...

V = (1/3)π(4²)(10)

V = (1/3)π(16)(10)

V = (1/3)π(160)

V = (160π)/3

4 0
3 years ago
What is an equation of the line that passes through the point (2,3) and is parallel to
Klio2033 [76]

Answer:

Which of the following is true about fiber in foods?

Group of answer choices

it is not digested

it helps one's muscles grow weaker

it is always thin and threadlike

it is bad for our bodies

Step-by-step explanation:

5 0
3 years ago
Morning Donuts tracked how many of each type of donut were recently sold.
snow_lady [41]

Answer: one of ten or one over two

Step-by-step explanation:

5 0
2 years ago
May has 12 gallons of gas in her car. She wants to drive 3 miles to the post office, 4 miles to the grocery store, 11 miles to g
dimulka [17.4K]
16times12=192
 so none she wont need to stop
7 0
3 years ago
Other questions:
  • Quotient of 24 and 3 plus x
    5·2 answers
  • Can someone please help me with this?
    14·1 answer
  • What is the molar solubility of magnesium fluoride in a solution that is 0.40 m f− ions? the ksp of mgf2 is 6.4 × 10−9. hints wh
    15·1 answer
  • 2x^2-3x=0 helppppppppppp with steps pls
    6·1 answer
  • Work out the value of 1. 7/2 -a ² 2. 3x-8 = 19
    13·2 answers
  • Paulo wants to earn $2115by mowing lawns how will charge $70 for each law. He mows what is the minimum number of lawns that Paul
    8·1 answer
  • What is the answer to 16x8
    14·2 answers
  • Hellllppppppppp pleaseeee<br><br> Find the largest whole number to equal the length of the triangle
    7·1 answer
  • Three times the sum of a number squared and 4​
    6·1 answer
  • PLS HELP
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!