mthomas81 mthomas81

03-07-2018
Mathematics

contestada

how much should you invest at 4% simple interest in order to earn $50 interest in 6 months

Respuesta :

mathmate mathmate

03-07-2018

Simple interest formula
Interest = Pit = $50
P=principal (initial investment)
i=annual interest rate = 0.04
t=time in years = 6 months = 0.5 years

Substitute values,
$50 = P*0.04*0.5
Solve for P
P=$50/(0.04*0.5)=$2500

Answer Link

Otras preguntas

You must wash your hands between changing gloves? A. TRUE B. FALSE

Four friends bought movie tickets for $41. the next day seven friends bought movie tickets for $71.75. What is the price of one ticket?

Evaluate 4x3 + 2 for x = -1. -62 -10 -6 -2

Identify the cognate in the following passage. Hola, Silvia. ¿Qué haces? Hola, Enrique. Escucho música en la radio.

Why do lipids make effective cell membranes in living cells?

Describe a family by listing immediate and extended members and their relationships to each other. The family can be your own or your avatar’s. Explain the prof

Please help i don't know the answer to number 11

In circle A shown below, Segment BD is a diameter and the measure of Arc CB is 36°: Points B, C, D lie on Circle A; line segment BD is the diameter of circle A

Which is not a responsibility of a subcommittee?

The pillar shown is in the shape of a right rectangular prism. The entire pillar, except for the bottom, will be painted white. How many square inches will be