MaiteX304584 MaiteX304584
  • 03-11-2022
  • Mathematics
contestada

how long must $1000 be invested at an annual interest rate of 3% to earn $300 in sinple interest?

Respuesta :

NasirB536887 NasirB536887
  • 03-11-2022
[tex]\begin{gathered} S\mathrm{}I=\frac{Prt}{100} \\ 300=\frac{1000\times3\times t}{100} \\ t=\text{ 10 year} \end{gathered}[/tex]

Answer Link

Otras preguntas

How can I select tools to relate quantities
The language and culture of the Byzantine Empire were generally A. Persian. B. Roman. C. Greek. D. Turkish.
The number of stops a bus makes on a certain day is represented by the variable s. Which set of numbers best describes the value of the variable?  whole number
From which country did King George III hire soldiers to help fight the American patriots?A. GermanyB. FranceC. Spain
Andrea has 18 yards of fabric. How many 4 inch pieces can she cut from her original piece
The Russian city on the Gulf of Finland and built by Peter the Great is now called _____
there are 3 trays of eggs each tray holds 30 eggs.how manny people can be served if each person eats 2 eggs
rational number between 1/8 and 1/4
What is the prefix of irresponsible?
A complex fraction is equal to a number greater than 1 if