JohnCena999 JohnCena999

22-01-2021
Mathematics

contestada

About how many years will it take for $8500 to reach $12,000 at a simple interest rate of 3.5%

Respuesta :

Smlsngggls Smlsngggls

22-01-2021

Answer:12

Step-by-step explanation:

8500 x 35% = 297.50 in simple interest per year

12000 - 8500 = 3500 in interest earned in total

3500/297.5 = 11.76 number of years to make total interest from amount per year.

If you round up, almost 12 years .

Answer Link

Otras preguntas

What did Spain do after the American Revolution to discourage American settlements west of the Appalachian Mountains?

I have 2 questions: Sulfur has an atomic number of 16 and belongs in Group 6 on the periodic table. Calcium has an atomic number of 20 and belongs in Group 2 o

An algebra test had two parts. Part I had 40 problems, and part II had 60 problems. Bernard got 80% of the problems on part I correct and 90% of the problems on

Why could I do for a science fair

what is 5/6 times 3/10

which of the following is a simile? a) the blood is alive, like a dog b) no matter how fast he runs, the wet feet will freeze harder. c) he should not have buil

A factory can assemble 150 cars in 3 hours. At this rate, how many cars can be assemble in 8 hours?

what is 15% of 68.97

Once you acquire these two basic skills, you'll be able to transform a vague idea in your mind into a coherent piece of writing. What are these two basic skills

how can you use a formula to find simple interest ?