LilMeowMeow LilMeowMeow

11-10-2018
Mathematics

contestada

After five years of earning interest at an annual rate of 4%, an investment has earned $1,200 in interest. Determine the amount of the initial investment. A full answer would be nice please!

Respuesta :

mimiwhatsup mimiwhatsup

11-10-2018

Answer: Using the Interest equation I can do this:

I = P*r*t

1200 = P*0.04*5

To get the answer:

P = 1200/(0.2)

P = 12000/2 = $6000

Answer Link

Otras preguntas

heeeeeeeeelp!!!!!!!!!!!!!!!!

Where did the Austronesian languages originate? A. near present-day Indonesia B. near present-day New Zealand C. near present-day Easter Island D. near pre

where was david bsckham born?

Three less than 5 times Wanda's age is the same as 3 times her age increased by 37. How old is she?

Write 6 over 10 in terminating decimal

who was born earlier? would it be robin williams, brad pitt, or stevie wonder

20.4 is what % of 17=

Without using parentheses, write an expression equivalent to x^2(x + 1) + x + 1

x^4-10x^2+9 how do I factor this?

7-1*0+3/3=? PEMDAS when I go this I get 6 not 8 I do it I add then Subtraction. When did subtraction come first its always add then subtraction.