kebetty627 kebetty627
  • 21-07-2022
  • SAT
contestada

How much principal must be
invested to earn $36 in 1/2 a year
at an interest rate of 8%?

How much principal must be invested to earn 36 in 12 a year at an interest rate of 8 class=

Respuesta :

Аноним Аноним
  • 22-07-2022

Answer:

Simple interest: $70.56

Annually compounded Interest: $90.65

Explanation:

Answer Link
pannavmittal
pannavmittal pannavmittal
  • 24-07-2022
Answer
900$

let our principal be P
as SI = P x R x T / 100
=> P x 8 x 1 / 100 x 2 = 36
=> 0.04 x P = 36
=> P = 36 / 0.04
=> P = 900$
Answer Link

Otras preguntas

the spreading of information to convince others of an idea
Which of the following would not be considered a necessary condition for the growth of an empire? a. High agriculture potential b. adequate military resources
Find two consecutive numbers with a product of 3080. Explain how you would solve this question
What weapons did the normans use?
A recreation department purchase 12 T-shirts for day camp the department does not have to pay sales tax it paid with the hundred dollar bill how much change did
Muhammad flight from Mecca to _____ became known as the hijra and its marks the first year of the Islamic calendar
The ratio of apples to oranges is 7:4 if there are 14 apples how many oranges are there
Which Section Chief is responsible for ensuring that assigned incident personnel are fed and have communications, medical support, and transportation as needed
Explain the theory of a free market system.
Commodore Perry was sent to Japan to improve Japanese-American relations True or False?