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

You have a cylinder with a diameter of 15 inches and a height of 12 inches. What is the volume of the largest sphere thg will fit inside it? If you can will you
Nadine can send or receive a text message for 15 cents or get an unlimited number for 5 dollars. Write and solve an inequality to find how many messages she can
Trying to translate word problems. Five times the sum of 3 and twice some number is 70. what is the number?
Can u paraphrase the quote ”let things take their course”
You have a cylinder with a diameter of 15 inches and a height of 12 inches. What is the volume of the largest sphere thg will fit inside it? If you can will you
If the speed of an object is tripled, its kinetic energy will be
What is the numerator or denominator of 4/5
You have a cylinder with a diameter of 15 inches and a height of 12 inches. What is the volume of the largest sphere thg will fit inside it? If you can will you
in what ways is climate controlled by the sun and the water cycle ?
If the speed of an object is tripled, its kinetic energy will be