Seudónimo Seudónimo
  • 04-03-2019
  • Mathematics
contestada

In what time will $400 amount to $512 if the simple interest is 14%?(find out how much interest the made first.)

Respuesta :

jdoe0001 jdoe0001
  • 04-03-2019

well, the principal amount ballooned from 400 to 512, so the interest is the added amount, namely 112 bucks.

[tex]\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill&112\\ P=\textit{original amount deposited}\dotfill & \$400\\ r=rate\to 14\%\to \frac{14}{100}\dotfill &0.14\\ t=years \end{cases} \\\\\\ 112=(400)(0.14)t\implies \cfrac{112}{(400)(0.14)}=t\implies 2=t[/tex]

Answer Link

Otras preguntas

I need help with this question
Which kingdom(s) include organisms that are autotrophic or heterotrophic?
solve.........4 - 5k = -8 - 5k
Rod cells in the retina of the eye detect light using a photopigment called rhodopsin. 1.8 eV is the lowest photon energy that can trigger a response in rhodops
Thanks to the development of transgenic plants, much of the food we eat has been altered so that it tastes better, looks better, and lasts longer. This change i
In contrast with classical economics Keynesian economics A) reduces the role of government B) takes Broader view of the economy relies more heavily on the law
The isoscles triangle has a base that measures 14 units
What is the solution to his equation 2x+6=20
An advertising campaign in which a popular comedian promotes a brand of soft drink is an example of A. bandwagon appeal. B. use of the testimonial. C. card
Find the area of the following polygon