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
vlada-n [284]
3 years ago
6

Joe deposits $50,000.00 in an account that earns 8.3% simple interest. About how many years will it take for his account balance

to earn $80,000.00 in interest?
Select the best answer from the choices provided.



About 5 years



About 10 years



About 20 years



About 25 years
Mathematics
2 answers:
mestny [16]3 years ago
7 0
The answer is about 5 years
marissa [1.9K]3 years ago
5 0
T = 7.23 years (either 5 or 10, you choose)

Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 8.3%/100 = 0.083 per year,
then, solving our equation

t = (1/0.083)((80000/50000) - 1) = 7.23
t = 7.23 years

The time required to get
a total amount, principal plus interest, of $ 80,000.00
from simple interest on a principal of $ 50,000.00
at an interest rate of 8.3% per year
is 7.23 years (about 7 years 3 months).
You might be interested in
Can someone please help. ASAP
just olya [345]

Answer:

This is called a <u><em>parallelogram</em></u>

<u><em>Now, Area:</em></u>

Area = base * Height

Area = 4 * 3

Area = 12 cm²

3 0
3 years ago
Read 2 more answers
Which of the following describes the following graph?
lianna [129]
The answer is A for the correct answer
3 0
3 years ago
A.4 B.5 C.6 D.8<br> HELP PLEASE
soldier1979 [14.2K]

Answer:

  • A) The radius is 4 m

Step-by-step explanation:

Volume of cylinder formula:

  • V = πr²h

<h3>Given</h3>

  • V = 64π,
  • h = 4 m

Find r by substituting given values:

  • 64π = πr²*4
  • 64π = 4r²π
  • 16 = r²
  • r = √16
  • r = 4 m

Correct choice is A.

8 0
1 year ago
Read 2 more answers
Find the value of x<br>a) 5<br>b) 4<br>c) 6<br>d) 7​
Simora [160]
B because 20- 16 equals 4 I guess
6 0
2 years ago
Read 2 more answers
What is this angles measure?
sukhopar [10]

Answer:

22

Step-by-step explanation:


4 0
3 years ago
Read 2 more answers
Other questions:
  • Lauren solved the equation $|x-5| = 2$. meanwhile jane solved an equation of the form $x^2+ bx + c = 0$ that had the same two so
    5·1 answer
  • Put them in order0.25,1/9,6/5
    9·1 answer
  • What number can u add to π to get a rational number?<br><br> A. 1/π<br> B. 0<br> C. 2<br> D. -π
    14·1 answer
  • A European high-speed passenger train is made up of two first-class passenger cars, five second-class cars, and a restaurant car
    15·1 answer
  • Help Please Now!!!<br> Find the volume Of The Rectangle Prism
    13·2 answers
  • Find the distance between the points<br><br> (5,-1) and (5,-7)
    6·1 answer
  • You were given 12 math problems for homework. You completed 5/12 of them at school. Which equation shows how to find the fractio
    5·1 answer
  • Equation for the line that passes through (4,7) and is perpendicular to the line Y= 2/3x-1
    9·2 answers
  • Anybody help please hm​
    7·1 answer
  • Bridget is tracking the amount of time she works out at the gym each day. The lengths of her
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!