sarahsingleton1 sarahsingleton1

01-12-2016
Mathematics

contestada

Jake earned $430 in interest on a $2500 investment after 18 months. What was the annual interest rate? (round to the nearest whole percent)

Respuesta :

apologiabiology apologiabiology

01-12-2016

I=PRT
I=interest
P=principal=investment
R=rate in decimal
T=time in years
remember 12 months per year

given
I=430
P=2500
R=?
T=18/12 years=1.5years

430=2500 times r times 1.5
430=3750r
divide both sides by 430
0.1146666=r
11.4666%
11%

Answer Link

mikehallusarmy mikehallusarmy

01-12-2016

17% interest rate will give you 425 dollars

Answer Link

Otras preguntas

I’m what ways is the odyssey an epic

How did the homestead Act and the transcontinental railroad impact the economic development of the united states?

Please answer correctly!

Which two statements best define a theme of a poem? A theme is a main topic that a poem emphasizes. A theme is a statement about a subject of a poem. A theme

Graph the image of this figure after a dilation with a scale factor of 12 centered at the point (2, 2) . Use the polygon tool to graph the dilated figure.

the president fills several different roles simultaneously. analyze how the roles of chief of state, chief diplomat, and commander in chief are related.

can u show me how to solve this problem 0.11 times 0.91

What is 40% of 85? (with an explanation)

several years Ago hannah brought some gold at a price of $980 per ounce. When she went to sell it, the gold was worth 70% more than it was when she purchased i

How many eighths are in 3/4