SuleymaQ750075 SuleymaQ750075
  • 03-11-2022
  • Mathematics
contestada

8. Reece made a deposit into an account that earns 8% simple interest. After 8 years, Reece had earned $400. How much was Reece's initial deposit?

Respuesta :

AyaatW735457 AyaatW735457
  • 03-11-2022
[tex]\begin{gathered} P\cdot r\cdot t=I \\ r=0.08 \\ t=8 \\ I=400 \\ \text{from the first equation one has} \\ P=\frac{I}{r\cdot t} \\ \text{hence} \\ P=\frac{400}{0.08\cdot8} \\ P=\frac{400}{0.64} \\ P=625 \end{gathered}[/tex]

Answer Link

Otras preguntas

define affirmative action
Prior to the 1500's, most people accepted the view that the planets within our solar system revolved around
the assembly machine in your plant can produce 36,200 parts in 9 hours. How many parts can it produce in 18 hours
difference between their and there
The American artist who used bold blocks of color, stark light, and lonely, somber settings was A. Edward Hicks. B. Edward Hopper. C. Alfred Bierstadt. D. Ashe
what time does shabbat start
when is the first day of spring
frequently asked questions in interview
which pair of compounds will form a buffer in aqueous solution?
what is implied if a firm is losing money?