How much should you invest at 4.7% simple interest in order to earn $95 interest in eight months

Question

02-06-2017
Mathematics

contestada

How much should you invest at 4.7% simple interest in order to earn $95 interest in eight months

Respuesta :

Otras preguntas

Isaac's part of the check at dinner was $18.00 and he was paying 25% of the total bill. How much was the total bill?

Which relation is a function? {(5, 0), (–8, –5), (–8, 5), (–5, –8)} {(5, 0,) (–8, –5)} {(5, 0), (0, 5), (–5, –5)} {(5, 0), (0, –8), (5, –5)}

What were families like in early Africa

What are some differences between a foot and an iamb

A line has a slope of 7 and passes through the point (2, 10). What is its equation in slope-Intercept form? Write your answer using Integers, proper fractions,

ANSWER ONLY IF YOU KNOW WILL MARK BRAINLIEST

I need help I’m very confused

Use the drop-down menus to identify the roles that can be granted to a delegate in Outlook. The role grants read, create, and modify permissions. The read-only

45+90+52x=180 what is the value of X NEED ASAP

In just a few days, more than $1,500 was raised by his friends and acquaintances, along with dozens of stuffed animals, cards and picture books. Several busines

jdoe0001 jdoe0001 · Answer 1 · 2017-06-02T21:08:54+02:00

bearing in mind that, 8months of 12 months total for a year, is 8/12, that is 2/3... then

[tex]\bf \qquad \textit{Simple Interest Earned}\\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\to &\$95\\ P=\textit{original amount deposited}\\ r=rate\to 4.7\%\to \frac{4.7}{100}\to &0.047\\ t=years\to \frac{8}{12}\to &\frac{2}{3} \end{cases} \\\\\\ 95=P\cdot 0.047\cdot \cfrac{2}{3}[/tex]

solve for P