Pablo has $4,200 to invest for college. Pablo's goal is to have $5,000 after 4 years. Question: Is this possible if he invests with a rate of return of 6%?We'll we are not sure with the answer unless we solve it. So let's start solving.=> 6% = 6% / 100% = 0.06Now, we have the value of 6% that will be multiplied with the amount to identify his annual interest rate:=> $4,200 * 0.06 = 252 dollars is his annual interest rateLet's multiply this for 4 years=> 252 dollars * 4 = 1008 dollarsThen, let's sum up:<span>=> $4,200 + 1008 dollars = 5 208 dollars.</span>
Answer:
The rate is 6.43%
Step-by-step explanation:
Given
--Interest
-- Principal
--Time
Required
Determine the rate
Using simple interest formula:
Make R the subject
Convert time to years
Substitute values for I, P and T
Convert to percentage
1. The problem gives the following information: <span>Ashley said she drank 1/2 pints and Claire said she drank 0.7 pints.
2. Therefore, to solve this problem you must follow the proccedure that is shown below:
3. You must sum the amount of water that Ashley and Claire drank before the practice. Then, you have:
1/2 pints=0.5 pints (Ashley)
0.7 pints (Claire)
x=0.5 pints+0.7 pints
x=1.2 pints
</span><span>
How many pints of water did Ashley and Claire drink combined?
</span><span>
The answer is: 1.2 pints or 1 1/5 pints
</span>
It's the equation of the circle with center at (0,0) and the radius=5.
