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

an artist can show weather in an artwork by using colors,adding, objects, and ------------------ A. CHANGING B. IGNORING C. ERASING D. KEEPING
(-2)^3 * x^4 (yz)^2 / 3^2 *xy^3 * z simplify this expression
what is the working principle of computer?
Which of these processes push ocean plates away from each other during the formation of the ocean floor? - destruction of crusts in the mid-ocean ridges - d
A 0.25 kg hockey puck is sliding along the ice with an initial velocity of 5 m/s when a player strikes it with his stick, causing it to reverse its direction an
Y=8x, dy/dt=15 find dx/dt
what are 2 reasons Steve jobs was fired from apple?
Explain how to find the exact value of sin(570°).
The trial of high-ranking Nazi officials for war crimes
Write in simplified form: 12(4x-6y) THANK YOU VERY MUCH