simranm098 simranm098
  • 18-06-2021
  • Mathematics
contestada

Calculate the time it would take for a $70000 investment to earn $1400 of simple interest at a rate of 4% per annum

Respuesta :

jellyboy07
jellyboy07 jellyboy07
  • 21-06-2021

Answer:

half a year (6months)

Step-by-step explanation:

because simple interest of $70000 at 4% is $2800 in a year so $1400 is half of that

Answer Link

Otras preguntas

If four bags of corn can feed a herd of cows for six days. How many bags of corn will feed the same herd for 9 days
Find the factor pairs of 46 and 76
What contribution did slaves make to the economy of the middle colonies?
Use place value to find the product. 3x600= 3 x __ hundreds = __ hundreds = __
This is the speed at which molecules or atoms move dependent on temperature and state of matter.
does this make sense " Tyray is writhing with anger"
Which statement below most accurately reflects the effect Fort Wagner had on the black community? They did not want to fight in the war. The tragic losses stron
write an equation of the parabola that has the same shape as the graph of f (x)=4x^2, but with the point (-9,2) as the vertex
what is cell division?
A __________ can cause a driver to take risky chances or make bad choices? A. poor driving attitude B. traffic jam C. low posted speed limit