BlackJack3658 BlackJack3658
  • 22-11-2019
  • Business
contestada

Brianna cruz earned $130 in simple intrest in 9 months at an annual interest rate of 8%. How much money did she invest?

Respuesta :

thuyntd
thuyntd thuyntd
  • 22-11-2019

Answer:

She invested $2,167

Explanation:

As interest rate is not compounded, the 9-month interest of a 8% annual interest is simply:

8% * 9 / 12 = 6%

Let A be the amount of money she invest. After 9 month she will receive:

A * 0.06 dollars.

And the actual amount is $130. So she invested

A = $130 / 0.06 = $2,167

Answer Link

Otras preguntas

Find the savings plan balance after 12 months with apr of 3% and monthly payments of $150
What did the american renaissance in literature reflect?
a jet travels from Miami to London round trip. it takes 8 hours to get there and 7 hours to return home. the jets average air speed is 500 mph. What is the aver
This cartoon refers to the Monroe Doctrine issued in 1823. The Monroe Doctrine was intended to prevent European expansion in A) China. B) north Africa. C) Sou
During domenica's oral presentation about the history of horror movies, she read from her notes often. she also showed clips from three films, commented on each
Noami has a neon tetra fish and a guinea pig. The fish is 25 millimeters long. The guiensa pig is 25 cm long. What is the difference?
what best describes how the us government affects the economy
As hominids evolved, their eyes increased in size and became more forward facing. Which of the following can be inferred from this observation?As hominids evolv
How far is Africa from america
HELP!!! I suck at factoring. Factor the expression below. x^2 - 10x + 25