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
Whitepunk [10]
3 years ago
11

How much did you invest if you earned $131.60 in interest at a rate of 4% for seven years?

Mathematics
1 answer:
Ket [755]3 years ago
4 0

The amount invested is $ 470

<h3><u>Solution:</u></h3>

Given that ,  we have earned $131.60 as simple interest for an amount deposit at the rate of 4% for seven years.

We have to find the amount invested.  That is, we need to find the principal sum

Let us use the simple interest formula

<em><u>The simple interest is given as:</u></em>

\text { Simple interest }=\frac{p r i n c i p a l \times \text {rate of interest } \times \text {number of years}}{100}

Here, simple interest = $ 131.60

Rate of interest = 4 %

Number of years = 7

principal = ?

Substituting the values in formula, we get

\begin{array}{l}{131.6=\frac{\text { principal } \times 4 \times 7}{100}} \\\\ {131.6 \times 100=\text { principal } \times 4 \times 7} \\\\ {13160=\text {principal } \times 28} \\\\ {\text {Principal }=470}\end{array}

Thus the amount invested is $ 470

You might be interested in
What is the answer for this equation 2a^-3cd
Cloud [144]
Is there a picture we can look at ?
8 0
3 years ago
All the numbers between 20 and 40 which are multiples of 2 and 3
nydimaria [60]

Answer:

21, 24, 27, 30, 33, 36, 39.

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
Divid 15 into two parts such that the sum of their reciprocal is 3/10
Klio2033 [76]
From the information obtained from the question, two equations can be created:
 
Let x and z be the two numbers (parts)

\frac{1}{z}   +   \frac{1}{x}  =   \frac{3}{10} .  .  .  . (1)

z  +   x  =  15  .  .  .  . (2)

By transposing (2), make 'z' the subject of the equation
z = 15 - x  .  .  .  . (3)

By substituting (3) into equation (1) to find a value for x
\frac{1}{(15 - x)} + \frac{1}{x} = \frac{3}{10}

\frac{15}{( 15 - x ) ( x )}  =   \frac{3}{10}

3 ( - x^{2}  + 15 x )  =  150

3 x^{2}  - 45x + 150 = 0

⇒  ( x - 5 )  ( x - 10 )  = 0

∴ either ( x - 5) = 0        OR    ( x - 10 ) = 0

Thus x = 5 or x = 10

By substituting the values of x into (2) to find z

     z + (5) = 15       OR      z + (10) = 15

    ⇒      z = 10      OR                 z = 5

So, the two numbers or two parts into which fifteen is divided to yield the desired results are 5 and 10.





5 0
3 years ago
10 POINTS!!!!!!! write an equation for a line that goes through the point (-3,-4) and has a slope on -2​
4vir4ik [10]

Thats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya LungsThats Metal In Ya Lungs

4 0
2 years ago
What is 50% of one third
zloy xaker [14]

Answer:

-⅙ Im pretty sure this right

5 0
2 years ago
Read 2 more answers
Other questions:
  • kendra needs 1/3 cup of nuts for a cake she ia baking .if she had 8 cups of nuts how many cakes could she make
    14·1 answer
  • Need answer will name the brainliest!!!!!!! PLZ PLZ
    13·2 answers
  • Lyla bake 200 cupcakes she sold 80% how many did she sale
    14·2 answers
  • A recent study focused on the number of times men and women send a Twitter message in a day. The information is summarized below
    15·1 answer
  • What is the answer ?
    14·2 answers
  • The total cost for two family cars was $71,1482 the cost of one car was $38,295 write an equation using a variable to represent
    6·1 answer
  • Solving a system of equation <br> x+5y=15 <br> -3x+2y=6
    9·1 answer
  • V 2. Move vertex B to a different location. Which is the sum of the angle measures of the quadrilateral?
    7·1 answer
  • Look at this inequality.
    8·1 answer
  • “Draw the graph of the line with equation y=3/4x-2”
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!