Answer:
The investor will earn $875 over the course of 3.5 years.
Step-by-step explanation:
Sounds like simple interest (not compound interest).
The appropriate formula is i = prt, which here is
i = $5000(0.05)(3.5) = $875
The investor will earn $875 over the course of 3.5 years.
This is known as a line segment. Hope this helps!
<h3>33.12 ÷ 9 = 3.68</h3><h3 /><h2>$3.68</h2>
Answer:
The face value would be $75,000
Step-by-step explanation:
Maturity value = $76,386.99
Time = 90 days
Rate of interest = 7.5%
Let face value be 'x'
By using the formula
$76,386.99 =
Time in years =
⇒ $76,386.99 = x( 1 + 0.01849315 )
⇒ x =
x = $75,000
The face value would be $75,000
Answer:
615.8
Step-by-step explanation: