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ratelena [41]
3 years ago
7

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 tt is the time (in years).
a. Solve the formula for p.

p=

b. An investment earns 8% simple interest. What amount of principal is needed to have $6000 after 7 years? Round your answer to the nearest cent.

Amount of principal: $
Mathematics
1 answer:
Vitek1552 [10]3 years ago
5 0
A) V = P + PRT
<span>     
    V=P(1+RT)
 
    P=A/(1+RT)

P = 6000 / (1 + .08 X 7)

P = 6000 / 1.56

P = $3,846.15</span>
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Christina's purchasing a new TV. She was approved to finance the TV with zero interest. If Christina gives a one-time payment of
Allisa [31]

Given:

One time payment, <em>p </em>= $300

Payment per month, <em>q = </em>$65

Number of months paid, <em>n</em> = 5

The objectiv is to find the amount she paid in 5 months.

Let <em>x </em>be the amount she paid in 5 months. Then the the formula is,

x=p+nq

Let's substitute the values.

\begin{gathered} x=300+5(65) \\ x=300+325 \\ x=625 \end{gathered}

Hence, total amount paid in 5 months is $625.

3 0
1 year ago
A basketball player scored 26 points in one game. In basketball, some baskets are worth 3 points, some are worth 2 points, and f
Vsevolod [243]

Answer:

3 points = 2

2 points = 6

1 point = 8

Step-by-step explanation:

Given that:

Total point scored = 26

Let number of 3 point basket = x

Number of 2 point basket = x + 4

Number of free throws = x + x + 4 = 2x + 4

Hence,

Total 3 points = 3x

Total 2 points 2(x + 4)

Total free throw points = 2x + 4

3x + 2(x + 4) + 2x + 4 = 26

3x + 2x + 8 + 2x + 4 = 26

7x + 12 = 26

7x = 26 - 12

7x = 14

x = 2

Number of 3 points = x = 2

2 points = (x+4) = 2+4 = 6

1 point = (2x+ 4) = 2(2) + 4 = 8

5 0
3 years ago
Read 2 more answers
Jenna says that no row or column contains products with only odd numbers. Do you agree? Explain
svet-max [94.6K]
Yes, i dont know why.
8 0
3 years ago
A moving truck is rented at $1,000 per day plus a charge per hour of use. The moving truck was used for 9 hours one day, and the
Advocard [28]
1000 is our constant because the truck was only used one day. We also know they charge a certain amount per hour, but we do not know how much. In this case they charged that amount 9 times because the truck was used for 9 hours. The total of the constant plus the 9hour fee is 2700 dollars:

1000(1) + 9x = 2700

The reason we multiply 1000 by 1, is because we only used the truck for one day.

Solve for x

9x = 2700 - 1000 = 1700

X = 1700/9 = 188.88

The hourly fee is $188.88
The question is asking for an equation for hours of use though, so the answer is

1000(1) + 9(188.88) = C

C represents cost or charge.
4 0
4 years ago
Read 2 more answers
Help pls I’ll give points
alukav5142 [94]
It is the answer number 2
3 0
3 years ago
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