Answer:
f
Step-by-step explanation:
Answer:
$13,200
Step-by-step explanation:
You need to use the simple interest formula
I = P * r * t
I = Interest accrued
P = Principal amount invested
r = Interest rate you need to divide by 100 to get it in decimal form
t = time, in years if you are given a partial year, divide the months by 12
P = $12,000
r = 7.5% = .075
t = 1
But, because we want I to equal $990 then I is
I = $990
So we ignore our P and instead solve for the P that will give us the desired result.
I = P * r * t
$990 = P * .075 * 1
$990 = P.075 Divide each side by .075
$990/.075 = P.075/.075
$990/.075 = P
$13,200 = P
So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.
It is true and stands for 4.06
It most common to round to the hundredths place, this is two spaces after the decimal.
So look two spaces right - 0.17. If the third digit (in this case 6) is higher than 5 you round the number up if its not, keep it the same.
"6" is greater than five, so round it to about (or approximately) 0.18.
