Answer:
The slope of any horizontal line is 0!
Step-by-step explanation:
Answer:
The principal investment required to get a total amount, principal plus interest, of $400.00 from simple interest at a rate of 8% per year for 9 years is $232.56.
Step-by-step explanation:
Given
- Total accrued Amount A = 400.00 (Let say $)
- Interest rate r = 8% = 0.08
To determine
Principle P = ?
Using the formula
P = A / (1 + rt)
substituting A = 400.00, t = 9 and r = 0.08 in the formula
P = 400 / ( 1 + (0.08 × 9))
P = $232.56
Therefore, the principal investment required to get a total amount, principal plus interest, of $400.00 from simple interest at a rate of 8% per year for 9 years is $232.56.
Answer:
Step-by-step explanation:
In 8 hours 30m Corner earns $80.75
In how many hours Zoey earns $118.75
Hours Zoey works= 510*118.75/80.75(converted 8hours into minutes by multiplying with 60)
Solving we get 12 hours 30m.
