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:
75+ po e photo math nyo po sa play store I download nyo po
Step-by-step explanation:
sana po makatulong po
uh idk um...
Okay well to answer this you have to work the problem out and enable to do that you have to look at the information provided, also STOP CHEATING AND FIGURE IT OUT
um i mean.....GOODLUCK!!!! I know you can do it :)
Download the app Math then take a picture and it wil give u the answer.
Answer: 8
Step-by-step explanation:
