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
Flura [38]
3 years ago
15

Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum

simple interest rate Maggie needs to reach her goal?
a. 2.89%


b. 3.55%


c. 4.95%


d. 5.18%

Please select the best answer from the choices provided



A
B
C
D
Mathematics
1 answer:
julsineya [31]3 years ago
3 0
Simple interest doesn't compound, so we just find the interest she needs by dividing 4,000 by 8, and then divide that number by her principal to find the rate of interest. 

4,000 ÷ 8 = 500
She needs 500 dollars per year in interest. 

800 ÷ 14,100 = .0355 = 3.55%

Answer is B
You might be interested in
It is impossible to get 6 jacks when selecting cards from a shuffled deck. Express the indicated degree of likelihood as a proba
Vinil7 [7]

Answer:

Probability = 0

Step-by-step explanation:

If something happening is impossible, it's probability of occurring is also 0.

A deck of cards only contains 4 jacks.

Thus you can never get 6 jacks out of the deck without replacing the selected card each time.

Since we are not replacing the cards once we pick them, this event is impossible to occur.

4 0
3 years ago
Please help ill give brainliest
Nata [24]
I am pretty sure the answer is c
6 0
3 years ago
Read 2 more answers
Diego deposited $ 1000 for 4 years at a simple interest rate of 6%. Find the interest and the total balance of
stich3 [128]

Answer:36380

Step-by-step explanation:

5 0
3 years ago
X^2+(5/4)x+? <br> What must be added to make a perfect square binomial
vichka [17]
25/64 is the answer to your question
5 0
3 years ago
Choose the Athat seems to be congruent to the given one.
julia-pushkina [17]

Answer:

a. ∆EGF ≅ ∆EGD

Step-by-step explanation:

Congruent triangles would have the same side lengths and the same measure of angles.

From the figure given:

EG in ∆EGF ≅ EG in ∆EGD

GF in ∆EGF ≅ GD in ∆EGD, also

EF ≅ ED.

The three angles in ∆EFG are also congruent to the three angles in ∆EGD.

Therefore, ∆EGD is congruent to ∆EGF.

∆EGF ≅ ∆EGD

7 0
3 years ago
Other questions:
  • Decrease 5 1/4 m by 50 cm. Answer has to be m.
    11·2 answers
  • What mixed number does it show?
    15·2 answers
  • Maya is taking her friends to a concert. Each ticket costs $25, and souvenir T-shirts are $12 each. There is a $4 service fee fo
    11·1 answer
  • How many transformations are found in each function f(x)=-2(x+3)^2-4
    15·1 answer
  • A bulletin board is 3ft high, it's area is 15 square ft what is the perimeter of the bulletin board
    10·2 answers
  • A bottle of hydrochlorothiazine contains 80 tablets. If each tablet contains 10 milligrams of the active ingredient, how many gr
    12·2 answers
  • Create the f(x) function based on the table. Answer should be in function notation
    5·1 answer
  • A 97% confidence interval for the mean of a population is to be constructed and must be accurate to within 0.3 unit. A prelimina
    14·1 answer
  • 76 1/2 long division write each rational number as a terminating
    14·1 answer
  • A soup can has a diameter of 9.8 cm and a height of 13.2 cm. What is the approximate volume of 12 soup cans?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!