shinovtima shinovtima
  • 11-02-2021
  • Mathematics
contestada

PLEASE HURRY! this is financial algebra

PLEASE HURRY this is financial algebra class=

Respuesta :

ogorwyne
ogorwyne ogorwyne
  • 16-02-2021

Answer:

6 years

Step-by-step explanation:

Simple interest= P.R.T

I = $1300

P = 18000 deposit

Rate = 1.19%

T = ?

Putting into the formula we have

1300 = 18000x1.19/100xT

1300 = 18000x0.0119xT

1300 = 214.2T

Divide through to get T

T = 1300/214.2

= 6.069

So when we approximate T = 6 years

It would take 6 years to make $1300 in interest

Answer Link

Otras preguntas

what are 2 level 3 questions about the living world
how did the regions geography affect kush
What causes remodeling, or pruning, during middle childhood? how is this process different in each individual child?
is poverty unavoidable in a capitalist system? ( yes? no? why?)
If you go to school 3 days a week for a month. You do 4 hours a week. What's the total amount of hours you attend for school for a month?
Which variable expression is a translation of the word phrase three less than the product of a number and six?
What is the best way for a listener to clarify the speakers argument?A. say nothing until the speaker is finished B. speaker in a loud voice to sound forcefulC.
How many electrons can occupy the first four main energy levels? What is the quantum for each of these levels?
F(x)=2x^2-3x G(x)=4x+1 What is (f•f)(1)?
If you formed an algebraic equation to model the sentence, "three times a number is equal to nine," how many variables would be in the equation? A. 1 B. 2