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
galina1969 [7]
3 years ago
6

The formula for the future value V (in dollars) of an investment earning simple interest is V=p+prt, where p (in dollars) is the

principal, r is the annual interest rate (in decimal form) and t is the time (in years).
a. Solve the formula for p
b. An investment earns 6% simple interest. What amount of principal is needed to have $3000 after 5 years? Round your answer to the nearest cent
Mathematics
1 answer:
zhannawk [14.2K]3 years ago
5 0

a)

V=p+prt

now we solve for P

V=P (1+rt)

Divide both sides by (1+rt)

P=V÷(1+rt)...answer

b)

P=V÷(1+rt)

P=3,000÷(1+0.06×5)

P=2,307.69

You might be interested in
Lines m and n are cut by transversal l. which angle relationships are correct? check all that apply.
stich3 [128]

Answer:

1,2,5

Step-by-step explanation:

5 0
2 years ago
Least to greatest 2/3,5/8,3/4,1/6,7/12
expeople1 [14]
So the bigger number are the smallest
And
The small number are biggest
So it would be 1/6,2/3,3/4,5/8,7/12
3 0
3 years ago
Fred is a new student who just joined our class. Fred needs help. Please explain to Fred how he can determine which numbers are
babymother [125]

Answer:

tell fred to go to another school

Step-by-step explanation:

7 0
2 years ago
How I can resolve this please help me this is my son homework
Serhud [2]
It’s going from least to greatest. For the first problem on the hundreds side it would be
225
437
572
732
Hope this helps
3 0
3 years ago
Read 2 more answers
The equation 7×+1=4×+10 ?
HACTEHA [7]
7x-4x=10-1
3x=9
3/3x=9/3
x=3
5 0
3 years ago
Read 2 more answers
Other questions:
  • Tina ordered a pizza for lunch. The pizza is round and has a radius of 8 inches. Tina only ate 13 of the pizza and took home the
    5·1 answer
  • A company's total assets are $98,000 and total liabilities are $49,000. Find the current ratio.
    15·2 answers
  • A 3 pound pork loin can be cut into 10 pork chops with equal weight. How many ounces is each pork chop?
    7·1 answer
  • Please help Identify the domain of the function shown in the graph. A. 0 ≤ x ≤ 5 B. x is all real numbers. C. –5 ≤ x ≤ 5 D. x &g
    14·1 answer
  • If we were to rotate the following points E(-2,8) F(-6,1) and G(-9.4) 270 degrees CCW and reflect over the x axis, what would po
    14·1 answer
  • Answer quickly please
    14·2 answers
  • What is the f(5) for the function f(x)=3x+6
    13·2 answers
  • What is the area of this tropeziod
    9·2 answers
  • Ericka is also in Mr. Whittaker’s science class and she recorded the variation in water level at a different part of the river.
    15·1 answer
  • Question 7
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!