l3gendary22 l3gendary22
  • 11-09-2021
  • Mathematics
contestada

How much principal would you have to deposit to earn $700 simple interest in 1 1/2 years a rate of 2%

Respuesta :

winniebinnie0
winniebinnie0 winniebinnie0
  • 11-09-2021

Answer: 23333.3 repeating

Step-by-step explanation: You use the I=P*R*T formula. then just plug in the numbers. So 700 goes where the I is. 1.5 years goes where the T is. The 2% changes to be .02 then you put that where the R is. Then just solve. The equaion would look like this  700=p*.02*1.5

Answer Link

Otras preguntas

Me.Hilton is buying a new tile for his kitchen floor. The dimensions, in feet of the kitchen are show. What is the area in square feet of Mr. Hilton’s kitchen f
Why did people need to eat apple every day?
what is the method of writing a professional message at work. ​
Solve these equations.|x−3/4| =5 6/7 x=?​
Some behaviors, such as nest building in birds, are determined by the genes of an organism. These innate behaviors are inherited from parent to offspring and ex
At what latitude would you find a lower absolute humidity? 90 degrees 0 degrees 60 degrees 30 degrees
3. Find the Lateral Surface area.4. Find the total surface area.8cm8cm10cm12cm9cm​
How long is the brace that connects points B and D?
lee company pays its employees on a graduated commission scale 6% on the first $40,000 sales 7% on sales from $40,001 to $80,000 and 13% on sales of more than $
Why did people need to eat apple every day?