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
kykrilka [37]
2 years ago
9

How much should you invest at 5% simple interest in order to earn $100 interest in 12 months?​

Mathematics
1 answer:
marissa [1.9K]2 years ago
7 0

Answer:

You should invest $2000 at 5% simple interest in order to earn $100 interest in 12 months.

Step-by-step explanation:

Using the formula

I = Prt

where

I = Interest earned

P = The principal (let say in $)

r = The Interest Rate

t = time

Given that

  • I = $100
  • r = 5%
  • t = 12 month = 1 year
  • P = The principal amount needed to invest (let say in $)

Thus,

I = Prt

100 = P × 5% × 1

100 = P × 5/100 × 1

100 × 100 = P × 5

10000 = P × 5

P = 10000/5

  = 2000 (let say in $)

Thus, you should invest $2000 at 5% simple interest in order to earn $100 interest in 12 months.

You might be interested in
Which relation is a function?
Tatiana [17]

Of the provided graphs, the second would be the correct answer.

Functions occur when the input only has one possible output (though the output can be recieved through multiple inputs)

3 0
3 years ago
Read 2 more answers
Tara has a magnet collection from places she visited. She measures the length of the magnets to the nearest half inch and record
gregori [183]

Answer:

there are more magnets that  longer than 2 1/2

Step-by-step explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.  

Please have a look at the attached photo.  

My answer:

From the photo, we can see that:

Length of the magnet:

  • 1 inch there is 1 magnet
  • 1\frac{1}{2} inches there are 2 magnets
  • 2 inches there are 3 magnets
  • 3 inches there are 4 magnets
  • 3\frac{1}{2} there is 1 magnet
  • 4 inches there are 2 magnets

=> the total number of magnets that  longer than 2 1/2 are: 4+1+2 = 7

=> the total number of magnets that  shorter than 2 1/2 are: 1+2+3 = 6

Hence, there are more magnets that  longer than 2 1/2

Hope it will find you well.

8 0
3 years ago
Read 2 more answers
Then find the measure of both angles??
Eddi Din [679]

Answer:

i so sory i dont know :(

Step-by-step explanation:

3 0
2 years ago
The robotics team needs to purchase $350 of new equipment. Each of the x students on the team plans to fundraise and contribute
madam [21]
The answer is C it is the amount of money divided equally between each student
3 0
3 years ago
There is an 80% chance of rain tomorrow and a 20% chance the football game will be postponed. What is the probability that it wi
vovangra [49]

Answer:

4 I think

Step-by-step explanation:

I divided 80 by 40

6 0
3 years ago
Other questions:
  • I need help with these anyone I’ll give 25 points
    10·1 answer
  • Find the measure of x for this shape.<br><br>A. 36<br>b.28<br>c.32<br>d.22
    9·1 answer
  • If oak wood for a wood stove sells for $100 a cord and fir sells for $90 a cord, what
    12·1 answer
  • Solve the equation for all real values of x.<br> cosxtanx - 2 cos^2 x=-1
    10·1 answer
  • Plz translate the question and solve.
    5·1 answer
  • I have a triangle with the angle measurements of 90 30 and 60° the side lengths are 5cm 7 cm and 5 cm what kind of triangle is i
    5·1 answer
  • Mia's office recycled a total of 9 pounds of paper over 3 weeks. After 7 weeks, how many pounds of paper will Mia's office have
    10·1 answer
  • find the component equation of the plane which is normal to the vector -2i+5j+k and which contains the point (-10;7;5).​
    13·1 answer
  • Find the h.c.f of
    15·1 answer
  • Given f(x)=e^-x^3 find the vertical and horizontal asymptotes
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!