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kari74 [83]
3 years ago
13

Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum

simple interest rate Maggie needs to reach her goal?
Mathematics
2 answers:
matrenka [14]3 years ago
7 0
Given:
Principal: 14,100
Interest:4,000
term: 8 years
rate: ?

We'll use the simple interest rate formula to get the interest rate needed.

Simple Interest = Principal * Interest Rate * Term
4,000 = 14,100 * Interest rate * 8 years
4,000 = 112,800 * Interest rate
4,000 / 112,800 = Interest rate
0.03546 = Interest rate

0.03546 * 100% = 3.546% or 3.55% is the interest rate needed.

S.I = 14,100 * 0.0355 * 8
S.I = 500.55 * 8
S.I = 4,004.40
amid [387]3 years ago
6 0

Answer:40001

Step-by-step explanation:

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A line of best fit can be established with which of the following? Select all that apply.
garri49 [273]
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6 0
3 years ago
Please help me I don’t understand
postnew [5]

Answer:

$70

Step-by-step explanation:

If the account start with $95, and you deposited $15:

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5 0
3 years ago
I don’t know if it’s A or B
lara31 [8.8K]

Answer:

A

Step-by-step explanation:

this is true due to the ratio of a 30-60-90 triangle, which is 1-2-sqrt(3). The 12 corresponds to the sqrt(3), which means that the 1 corresponds to 4sqrt3 and the 2 to 8sqrt3.

:)

7 0
3 years ago
Read 2 more answers
Identify the expression<br><br> 3x + 9 =18 +2x<br><br> A. 3x +9<br> B. 3x+9=18+2x<br> C. 18+2x
galina1969 [7]

Answer:

Your answer would be c 18=2x

Step-by-step explanation:

Because you done did 3x=9 which you now have to do the other end of the problem.

6 0
3 years ago
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