ricciardisergio57
ricciardisergio57 ricciardisergio57
  • 22-11-2021
  • Mathematics
contestada

Use the simple interest formula to find the principal invested if $790 interest was earned in 5 years at an interest rate of 4%

Respuesta :

jdoe0001 jdoe0001
  • 22-11-2021

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill&\$790\\ P=\textit{original amount deposited}\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ t=years\dotfill &5 \end{cases} \\\\\\ 790=P(0.04)(5)\implies \cfrac{790}{(0.04)(5)}=P\implies \boxed{3950=P}[/tex]

Answer Link

Otras preguntas

One method used to determine the volume of solids and liquids is displacement. a. True b. False
Javier had 2 passes intercepted out of 17 attempts in his last football game. What percent of Javier's passes were intercepted? Round to the nearest tenth if ne
what factor distinguishes the experimental group from the control group
weather balloons are often used to make measurements in which spear
6/20 in simplest form
What does this excerpt from act I of Macbeth say about Lady Macbeth? LADY MACBETH: The raven himself is hoarse That croaks the fatal entrance of Duncan Under m
How many total jet streams are there on Earth? A. one B. two C. three D. four
The Australian ballot is another name for a. straight ticket split ticket secret ballot none of these
three fifths of the cast in a musical have to sing what fraction of the cast does not have to sing
The purpose of the Equal Pay Act of 1963 was to ensure that _____. a. Child workers with the same jobs as men received similar wages b. Female workers with the