Answer:
You should invest $2000 at 5% simple interest in order to earn $100 interest in 12 months.
Step-by-step explanation:
Using the formula
where
I = Interest earned
P = The principal (let say in $)
r = The Interest Rate
t = time
Given that
- P = The principal amount needed to invest (let say in $)
Thus,
100 = P × 5% × 1
100 = P × 5/100 × 1
100 × 100 = P × 5
10000 = P × 5
P = 10000/5
= 2000 (let say in $)
Thus, you should invest $2000 at 5% simple interest in order to earn $100 interest in 12 months.
Brian (I think you meant Brian haha..) is incorrect because the tenth place is the number right after the decimal which is a 4. If you are rounding to the tenth place that means that you have to look at the number to the right of that, which is 4. 5 and up means you round up and 4 and down means you round down. This is a 4, so you keep the 4 after the decimal and get rid of the last 4. Therefore, when rounded it would be: 4.4.
Hope this helped! Good luck! :)
Answer:
positive integer
Step-by-step explanation:
In a bank account,
A paid out expense is called as debit
A deposit is called as credit
To find: sign used to represent credits
Solution:
Integers denote a set of natural numbers, their negative counterpart, and 0.
As credit denotes the amount deposited, the positive integer is used to denote credits.
