All categories

2 years ago

Find the simple interest accrued on a $500 investment made for 2 years at an interest rate of 8% per year.

Mathematics

1 answer:

Artemon [7]2 years ago

3 0

Answer:

3,125 i think sorry if this is incorrect....

Step-by-step explanation:

Answer:

P = $ 3,125.00

Equation:

P = I / rt

Calculation:

First, converting R percent to r a decimal

r = R/100 = 8%/100 = 0.08 per year,

then, solving our equation

P = 500 / ( 0.08 × 2 ) = 3125

P = $ 3,125.00

The principal required to

accumulate interest of $ 500.00

on a rate of 8% per year for 2 years is $ 3,125.00.

You might be interested in

Simplify the expression. Use standard polynomial format. x(2x + 3) + (x - 3)(x - 4)

timofeeve [1]

Answer:

x(2x + 3) + (x - 3) (x - 4) = 3x²- 4x + 12

Step-by-step explanation:

Expand:

x(2x + 3): 2x² + 3x

2x² + 3x + (x - 3) (x - 4)

Expand:

(x - 3) (x - 4): x²- 7x + 12

2x² + 3x + x²- 7x + 12

Simplify:

2x² + 3x + x² - 7x + 12: 3x² - 4x + 12

= 3x² - 4x +12

5 0

3 years ago

What equation has the same solution as x^2-6x-14=0 ?

slavikrds [6]

x^2-6x+-14=0 works out the same way

5 0

3 years ago

How would i find the length of g?

klasskru [66]

Answer:

$g=28.8\ units$

Step-by-step explanation:

see the attached figure with letters to better understand the problem

step 1

In the right triangle BDC

Find the value of j

Applying the Pythagorean Theorem

$j^2=5^2+12^2$

$j^2=169\\j=13\ units$

step 2

In the right triangle ABD

Applying the Pythagorean Theorem

$h^2=12^2+g^2$ ----> equation A

step 3

In the right triangle ABC

Applying the Pythagorean Theorem

$(g+5)^2=h^2+13^2$ ----> equation B

step 4

Substitute equation A in equation B

$(g+5)^2=(12^2+g^2)+13^2$

solve for g

$g^2+10g+25=144+g^2+169\\10g=288\\g=28.8\ units$

4 0

3 years ago

Multiple 24 by 8.95 I need to show the work. I don’t know the steps

hjlf

Answer: 214.8

Step-by-step explanation:

First move the decimal to the right, in this case 8.95 = 895., then multiply the 24 by 895. to get 21480., you then move the decimal to the left and you get 214.80 or 214.8.

3 0

1 year ago

The time t required to drive certain distance varies inversely with the speed r. It takes 2 hours to drive the distance at 40 mi

Roman55 [17]

Answer:

$\frac{16}{9}$ hours

Step-by-step explanation:

Whenever 2 quantities (suppose a and b) are inversely proportional to each other, we can write an proportionality equation (with k as proportional constant) as:

$a=\frac{k}{b}$

Since, here t is INVERSELY PROPORTIONAL to r, we can say:

$t=\frac{k}{r}$

Firstly, we have t = 2 hour and r = 40 mph, so we find k:

$t=\frac{k}{r}\\2=\frac{k}{40}\\k=2*40\\k=80$

Now, secondly, we have r = 45 and k = 80, we need to find t:

$t=\frac{80}{45}\\t=\frac{16}{9}$

So, it would take $\frac{16}{9}$ hours

4 0

3 years ago