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cupoosta [38]
3 years ago
11

I want to withdraw 400.00 for 9 years at 8%. How much do I need to deposit

Mathematics
1 answer:
Degger [83]3 years ago
7 0

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 $)
  • Time period t = 9 years
  • 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.

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Work out the equation of the line which has a gradient of -2 and passes through the point (1,7)
Sophie [7]

Answer:

y = -2x+9

Step-by-step explanation:

by using point slope equation

5 0
3 years ago
If conditional is true and it’s_____ is true, then the conclusion is true
Jlenok [28]

Answer:

hypothesis

Step-by-step explanation:

The statement "if p, then q" is a conditional statement.

p----->is the hypothesis

q----->is the conclusion

This conditional is true if it's hypothesis true and the conclusion is true.

This is just one out three situations for which the conditional is true.

6 0
3 years ago
Mr. Rush wants to store 20.5 cups of spaghetti sauce in containers. Each container holds a maximum of 2.5 cups of sauce. What is
Natali5045456 [20]

The answer is 9

Explanation:

We know the total amount of spaghetti sauce is 20.5 cups; additionally, each container can be filled with a maximum of 2.5 cups of this sauce. In this context, the process to know the number of containers Mr. Rush needs to store all the sauce is to divide the total amount by the amount each container can hold.

20.5 cups of sauce ÷ 2.5 cups per container = 8.2 containers

This means 8 containers can be completely filled and a ninth container is required to hold the small amount of the sauce missing (0.2)

6 0
4 years ago
There are (5 4/5) cups of milk left in a carton. Write (5 4/5) as an improper fraction
poizon [28]
The answer to this problem would be 29/5.


hope that helped
8 0
4 years ago
Plz help meeeeeeeeee
horrorfan [7]
Hey there.

First, let's narrow down our answers by examining this circle closely. It appears half of it is Transportation, and our total is 4,000.

Divide 4,000 by 2 to solve for the budget of transportation.
4000 / 2 = 2000

Transportation is approximately worth $2,000.

Now, we have 1/4 of the circle as Lodging. This means we need to divide our total by 4 to find the value.

4000 / 4 = 1000

Lodging is approximately worth $1,000.

Let's add our current deductions and then subtract the sum from the total.
2000 + 1000 = 3000
4000 - 3000 = 1000

Now, given that Entry Fees are a little more than the remaining amount left, 1000, we can assume that it is a little more than half as it's bigger than the smaller missing amount.

To conclude this, your answer is answer choice "C.) 600"

I hope this helps!
8 0
3 years ago
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