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
Colt1911 [192]
2 years ago
9

How many days will it take for a sum of $4,000 to earn $80 interest if it is deposited in a bank paying ordinary simple interest

at the rate of 5%/year?
Mathematics
1 answer:
Maksim231197 [3]2 years ago
4 0

Answer:

It will take 146 days to earn an interest of $80.

Step-by-step explanation:

The simple interest formula is:

I=\frac{P\times r\times t}{100}

It is provided that:

I = $80

P = $4,000

r = 5% p.a.

Compute the time required as follows:

I=\frac{P\times r\times t}{100}

t=\frac{I\times 100}{P\times r}

  =\frac{80\times 100}{4000\times 5}\\\\=0.4\ \years\\\\=0.4\times 365\ days\\\\=146\ days

Thus, it will take 146 days to earn an interest of $80.

You might be interested in
Which describes a statistic of a sample?
blondinia [14]
Your answer will be D 58% of us residents agree with the health care proposal when using statistics your often using percents because its showing what people agree on like the statistics show...
3 0
3 years ago
Read 2 more answers
Solve for c in the scientific formula C=Wtc/1000
Troyanec [42]

C = Wtc/1000

1000C = Wtc

Wtc = 1000C

W = (1000C) / (tc)


This is assuming that C and c are not the same.

If they are the same, we have:


W = (1000) / t, provided ,that C and c are not equal to 0.


3 0
2 years ago
What is the joint relative frequency for 11th graders who want the break in the afternoon? Round to the nearest percent.
jek_recluse [69]
21%, looked up the answer!!
3 0
3 years ago
Which is a better price: 5 for $1.00, 4 for $0.85, 2 for $0.25, or 6 for $1.10?
Angelina_Jolie [31]

Answer:

2 for $0.25

Step-by-step explanation:

1.10/ 6= .20 (rounding)

1.00/ 5= .20

0.85/ 4= .21

0.25/ 2= .13 (rounding)

4 0
3 years ago
In Ms. Perron's class, 75% of the studnetw are doys. There are 18boys in the class. What is the totla numder of students in Ms.
Anastasy [175]
Your answer should be 24
6 0
3 years ago
Other questions:
  • Choose a number with 2434 > your number > 19
    12·1 answer
  • If the cost see for manufacturing X units of a certain product is given by C=X squared +25X +40 find the number of units manufac
    5·1 answer
  • In the diagram, AB:BC is 3:4 and AC:42 Find BC
    7·1 answer
  • Help Please!! 30 Points!<br><br> Simplify the given expression. 5/ 4x^2-36 + 8/ 2x+6
    9·1 answer
  • Please answer only questions 18 and 20 please help me ​
    9·2 answers
  • What is the answer to 200 x 32.6
    6·2 answers
  • HELLPPPPPPPPPPPPPPPPPPPPPPPPP!!!!!!!!!!!!!! HELLPPPPPPPPPPPPPPPPPPPPPPPPP!!!!!!!!!!!!!! HELLPPPPPPPPPPPPPPPPPPPPPPPPP!!!!!!!!!!!
    14·1 answer
  • The black graph is the graph of y = f(x).<br> Choose the equation for the red graph.<br> (Picture)
    6·1 answer
  • What is<br> of 1 of 10?<br><br> 5
    7·1 answer
  • Haelp meh pleaasee ;(​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!