bobbiesilly39 bobbiesilly39
  • 19-11-2020
  • Mathematics
contestada

How much money must be deposited to earn $219 in simple interest in 8 years at an annual rate of 6.2%?​

Respuesta :

105002424
105002424 105002424
  • 19-11-2020

Answer:    $1,147.20.

Step-by-step explanation:

The total amount accrued for principal plus interest in the calculation simple interest

= principal * (1+ rate * number of years)

= $800 *(1+ 6.2% * 7)

= $1,147.20.

Hopefully his helped, if not HMU and I will try my best to get u a better answer! :)

Answer Link

Otras preguntas

What is the technological advances that we have thanks to the types of energy and thermal energy?
Themes can be a promise contingent on a condition. O True O False
Brooklyn line‘s upright retanglar prisms like the one shown. She aligns each prism behind the previous prism to make a larger prism. The larger prism has a surf
Help me please !!!!!!!!!!!!
Enter the polnomial function f(x) in standard form given that f has leading coefficient 3 and roots 4, sqrt(2), and -sqrt(2) Here is a picture of what I mean
Can someone help me with this geometry question? My instructor said I was wrong?
A car has a kinetic energy of 1.9 x 10 cubed joules. If the velocity of the car is decreased by half, what is its kinetic energy
Mrs wong has 144 tiles that she is going to place on her square floor. each tile is 1 foot by 1 foot. if she uses all 144 tiles, what are the dimensions of her
4. Select all systems that are equivalent to this system: { 6d+4.5e = 16.5 45d +4.5e = 4 ^{ ${ B. <{ D. { { E. F. 30d +22.5e 82.5 5d + 0.5e = 4 30d +22.5e 82
Write out the Harmonic Sequence