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.
Answer:
I think its 900
Step-by-step explanation:
Answer:
Step-by-step explanation:
Ive already explained this somebody else asked if you find it you will have the answer
So, the fraction of races that he won was:
: you need ti divide the number of occurrences by the number of possibilities.
We can simplify this:
.
When we write it in decimals until the closest place, it's:
0.167 or 16.667%
Answer:
not sure if this is a right answer. but hope this helps
Step-by-step explanation:
