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

Location B is which place? Canaan Egypt Syrian Desert Mediterranean Sea
If x is 4, a is 1/4, and y is 2, then what is 5x(56a-6y)
what do you do when you feel burned out? Any self care that you do try to create?​
What is the slope of the line passing through the points (2,-5) and (4, 1)? A 5/4B 3 C 2 D -4/5​
pls pls help whoever gets it right gets a crown
What element is in period 4, group 12?
2/3m^5 - 5/7m^5n^8 I need an explanation of this problem.
yes haha yes what no oh yeah no nevermind wait yes
If x is 4, a is 1/4, and y is 2, then what is 5x(56a-6y)
SECOND TIME ASKING HELP!!! 6. Jackie has n nickels and q quarters in her pocket. The total value of the coins is at least $24.75. Write an inequality that repre