lexiejaimez lexiejaimez
  • 03-11-2020
  • Mathematics
contestada

3)
Ross wants to know what interest rate he needs to make his $800 grow to
$1000 in 4 years.

Respuesta :

theaedan
theaedan theaedan
  • 03-11-2020

Answer:

Why?:

The interest formula is A = P(1+r/m)^mt

A is the Amount, P is principal (initial investment), R is rate, M is times per year (not used) and T is time.

So if we want 1000 = 800(1+r)^4, we need to find R. In this case, R is about 5 percent.  (I'm not super confident, so see if you have other answers)

Answer Link

Otras preguntas

Points have the following physical properties: depth height thickness none (I just want the Answers)
there never was a time when the world was without fire, but there was a time when men did not know how to kindle fire; and after they learned how to kindle one,
what system maintains the ph of human blood at very near 7..4
Which characteristic is not used to classify stars? size color distance from Earth age
which number is the largest? 1.2 - 104, 4.5 - 10–3, 3.8 - 103, 7.5 - 103
When did the partisan press era take place?
How to work out the maximum speed with this information?
he likes reading, hunting, and to play basketball. which of the following rewrites makes the sentence parallel? a. he likes reading, hunting, and playing basket
what influences the strength of an electric field?
what is the solution to the following system of equations? 2x 3y = 6 x y = 4 the solution of the system of equations is (____ , ____).