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

The picture shows the transfer of a molecule across the cell membrane. Which mode of transport is shown in the image
Under feudalism, were Europeans better able to deal with outside threats
what are some observable properties that can be used to identify these metals?
In March, Rodney sold twice as many cars as Greg. In April Rodney sold 5 fewer cars than he did in March while Greg sold 3 more cars than he did in March. If th
How does Sylvia Plath characterize her father in "Daddy"?
When serving wines, it's best to use a A. small tumbler filled a little more than halfway. B. small-footed glass filled to the brim. C. large mu
who does loyal refugees refer to
35% of a number is 17. Work out the number. I think it is 48 but it is a really huge decimal. Could you explain what I need to do?
Solve the equation and find the value of the variable
Cyndi bought an extra large pizza, cut into 12 pieces, for today's meeting of the mystery club. She ate 1/6 of the pizza yesterday afternoon. Her brother ate 1/