alrightlol946 alrightlol946

06-01-2020
Mathematics

contestada

At what simple annual interest rate must $2,500 be invested if it is to earn $225 in interest in one year?
A) 6%
B) 7%
C) 8%
D) 9%
E) 10%

Respuesta :

06-01-2020

Answer:

D) 9%

Step-by-step explanation:

Simple interest formula:

[tex]I = P*r*t[/tex]

Principal (P) -> $2,500
interest rate (r) -> r
time (t) -> 1 year

Thus:

[tex]225 = 2,500*r*1[/tex]

After clearing the equation:

[tex]r = \frac{9}{100}[/tex], which is 0.09 -> 9%

Answer Link

Otras preguntas

The product of 10 and a number is 3 less than the number.

Please help me with this.

summary about health safety

A stationary police officer directs radio waves emitted by a radar gun at a vehicle moving toward the officer. Compared to the emitted radio waves, the radio wa

Check all that apply. pi/4 is the reference angle for: A. 15pi/4 B. 19pi/4 C. 12pi/4 D. 7pi/4

Which reaction is both a redox reaction and a combustion reaction?

PLEASE HELPP IM DESPERATE I HAVE NOTHING TO GIVE BC IM NEW I chose cloning for this: Biotechnology Activity Now that you are more familiar with the benefits, r

If you roll a 6-sided die 48 times, what is the best prediction possible for the number of times you will roll a five?

What value of c makes the equation true? assume x greater-than 0 and y greater-than 0 rootindex 3 startroot startfraction x cubed over c y superscript 4 baselin

you allready know i need help my brains to tinyyyyyyyy