PedroMartinez10 PedroMartinez10

07-02-2016
Mathematics

contestada

A bank says you can double your money in 8 years if you put $2,000 In a simple interest account. what annual interest rate does the bank pay?

Respuesta :

bellbell252 bellbell252

04-04-2016

A = P*r*t
A = overall value
P = principal (initial value)
r = annual interest
t = time (in years)

Plug in what we have:
4000 = 2000*r*8
Simplify:
0.25 = r
The annual interest is 25%

Answer Link

Tgirl23 Tgirl23

09-08-2020

Answer:

the correct answer is 12.5 percent

Step-by-step explanation:

Answer Link

Otras preguntas

How does democracy enhance the dignity of the citizens? three points

Was the Mexican Revolution a total war, limited war, civil war, or guerrilla warfare?

The cost of 14 gallons of gas is $19.46a. How much gas could you buy with $8.70? use equivalent ratios to solve.b. How much would it cost to buy 9.5 gallons? us

If a plane flies 612 km per hour, approximately how many kilometres will it travel in 13 hours?

Valentina purchased 200 beads for $48 to make necklaces.If she needs to buy 25 more beads , how much will she pay if she is charged the same rate?

Jonathan’s reliance on the proverb “Nothing puzzles God” in “Civil Peace” shows his a. faith in the divine plan. b. refusal to confront reality. c. lack of fait

A family has annual loan payments equal to 30% of their annual income. During the year, their loan payments total $15,680. What is the family's annual income? (

How does democracy enhance the dignity of the citizens? three points

Which is greater 5.4 or 5.400

Round 5984 to the nearest hundred.a) 5000 b) 5900 c) 5980 d) 5990 e) 6000