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

How did the fundamental orders of connecticut differ from the mayflower compact?

Every time I try to look up anything on my laptop it keeps saying my connection is not priavte what do I do

I need to know which rate is equal to this unit rate v

what does cocina mean in spanish

Alaskan foodstuffs just announced the annual dividend for this coming year will be $0.36 a share and all future dividends are expected to increase by 4.5 percen

Help me please and show steps

Simplify 3^-9 / 3^-12. 1/3^3 1/3^21 3^3 3^21

Two individuals were selected each year to serve in which of these branches of roman government?

What can be known about all four polymers, despite their differences? They come from living things. They share ionic carbon bonds. They are at least 100 monome

for the following exercises, find the equation of the line using given information (1, 7) and (3, 7)