kindaalwardi173 kindaalwardi173

25-12-2017
Mathematics

contestada

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $240 in interest after 3 years. How much money should he deposit?

A. $5,000

B. $50

C. $500

D. $3,840

Respuesta :

texaschic101 texaschic101

25-12-2017

I = PRT
I = 240
R = 1.6% = 0.016
T = 3

now we sub and solve for P, the money he should deposit
240 = P * 0.016 * 3
240 = 0.048P
240 / 0.048 = P
5000 = P <==== ur answer is 5,000

Answer Link

Otras preguntas

Do you believe that criminality is governed by the environment a person is raised and outside their control or is criminality a rational choice that individual

When the ribosome encounters a stop codon, the translation complex dissociates, and the newly made polypeptide is released into the cell.A. True B. False

Which of the following statements concerning hormones would be correct? SELECT ALL THAT APPLY Which of the following statements concerning hormones wou

1A. The aim of the Monroe Doctrine was to put an end to ________. A American meddling in Latin American countries B the US military presence in the Eastern H

Breastfeeding a child for more than 6 months has been documented to lead to ________ intelligence. A) An increase in B) A social effect on C) No change in D) A

Calculate the cost of not taking a 3/14 net 38 discount. (Enter the answer as a percentage with 1 decimal.)

What is the author's primary purpose in this text? A. to convince readers that wrestling is a dangerous sport B. to explain the harmful lasting impact of concus

The body temperatures of a group of healthy adults have a bell-shaped distribution with a mean of 98.06degreesf and a standard deviation of 0.65degreesf. using

Given the hydroxide ion concentration of 9.24x10-9 M, what is the hydrogen ion concentration in M of the solution

What type of agriculture is Madison involved in based on the fact that watercress floats on top of water as it grows? a) Aquaponics b) Hydroponics c) Aeroponic