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
Vladimir79 [104]
3 years ago
12

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $240 in interest aft

er 3 years. How much money should he deposit?
A. $50
B. $500
C. $3,840
D. $5,000
Mathematics
1 answer:
RoseWind [281]3 years ago
5 0

Answer:

D. $5,000

Step-by-step explanation:

The amount of money he should deposit is the principal.

The principal P can be gotten by

P = 100 I /RT

Where

I = interest

R = rate

T = Time

Given

I = $240

R = 1.6%

T = 3 yrs

P = 100 x 240 /1.6 x 3

Multiply through

= 24000/4.8

= $5000

You might be interested in
What is the classification of the square root of 36
Makovka662 [10]
The square root is 6 because 6*6=36
5 0
3 years ago
Read 2 more answers
Mark the number line to show 1/4. Label 0 and 1 on the number line
emmainna [20.7K]
0 -1/8 -1/4 -1/2 -1
5 0
3 years ago
The fifth term of an arithmetic sequence is 23 and the 12th term is 72? Determine the first three terms of the sequence and the
Arisa [49]

Answer:

the first term is a1

the distance between the numbers is d

we have:

a5 = a1 + 4d = 23

a12 = a1 + 11d = 72

so we have the equation:

a1 + 4d = 23

a1 + 11d = 72

=> a1 = -5

d = 7

=> an = -5 + 7(n - 1) = 7n - 12

with an = 7n - 12

=> a2 = 2

a3 = 9

so the first three terms is -5; 2; 9

6 0
3 years ago
What adds to 60 and multiples to 900
notsponge [240]

Answer:

30

Step-by-step explanation:

30 + 30 = 60

3* 3 = 9

Add the 0s

30 * 30 = 900

I hope I helped!

Let me know if you need anything else!

~ Zoe

4 0
3 years ago
Read 2 more answers
It takes 12 men 5 days to complete a job
Rzqust [24]

It will take 3 men 20 days to complete the job.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Help!<br> 4+?=-2<br> 4+?=-1<br> 4+?=-9
    9·2 answers
  • Please help with number 5?
    13·1 answer
  • Find the factorization of 72 and 100
    9·1 answer
  • Help meeeeeeeeeeeeeeeeeeee
    10·1 answer
  • Find an equation of the line through (4,6) and parallel to y=3x+7
    15·1 answer
  • The abc company has a net income of $56000, assets at the beginning of the year are $263000 and assets at the end of the year ar
    14·1 answer
  • 2. 7 2/6 + 1/12 = M
    14·1 answer
  • What is the y-intercept, b, of the additive relationship represented by this table?
    9·1 answer
  • Hurry I need this answer
    13·1 answer
  • The coordinates of one endpoint of a line segment are (-3,-5). The line segment is 11 units long. What are the other possible en
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!