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Sergio039 [100]
3 years ago
14

How much will you need to invest at 2.5% to have earned $900 in interest in 5 years

Mathematics
2 answers:
Mamont248 [21]3 years ago
8 0

Answer:

7200 is the principal

needed

Evgen [1.6K]3 years ago
4 0

Answer:

we need $7200 to earn $900 in 5 years.

Step-by-step explanation:

Simple Interest formula: \frac{PRT}{100} .......where p is principal, r is rate of interest, t is time

Using the formula:

\frac{p*2.5*5}{100} =900

{p*2.5*5} =900*100

12.5p =90000

p = 90000/12.5

p=7200

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3 years ago
A man invests an amount, A, into a bank
alexandr402 [8]

Answer:

The initial amount, A is approximately $19,991.1.

Step-by-step explanation:

The initial amount the man invests in the bank = A

The amount the man deposits after 15 years = $10,000

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The amount of money after every 15 years = 2 × Initial amount

Therefore, we have;

The amount in the account 15 years after when the man deposits another $10,000 = 2 × A

Therefore the initial amount at the 15th year = 2·A + 10000

The

We have;

2·A = A·(1 + r)¹⁵

(1 + r)¹⁵ = 2

1 + r = 2^(1/15)

r = 1 - 2^(1/15) = 0.04729412282

Therefore, we have;

On the 50th year, 50 - 15 = 35 year

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3 0
3 years ago
What is the fourth term of the expansion of the binomial (2x+5)^5?
Crank

Answer:

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The 4th term will be ...

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8 0
4 years ago
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