godlyman godlyman
  • 11-12-2020
  • Mathematics
contestada

(4) Madison invested $5,000 at a rate of 7.5%. How much money did she have after 6 months?​

Respuesta :

tyrickguyton09 tyrickguyton09
  • 11-12-2020
30,000$ is how much
Answer Link
06jusjac05708
06jusjac05708 06jusjac05708
  • 11-12-2020

Answer:

A = $5,187.50

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 7.5%/100 = 0.075 per year.

Putting time into years for simplicity,

6 months / 12 months/year = 0.5 years.

Solving our equation:

A = 5000(1 + (0.075 × 0.5)) = 5187.5

A = $5,187.50

The total amount accrued, principal plus interest, from simple interest on a principal of $5,000.00 at a rate of 7.5% per year for 0.5 years (6 months) is $5,187.50.

Answer Link

Otras preguntas

What is contextualization ?
is it good for kids that is 13 to drink coffee every morning? please write your answer with details why its better than other drinks or the good or bad reasons
HIGHSCHOOL ALGEBRA!!!!! PLS HELP :) Find the root of the equation: (6x–1)(6x+1) - 4x(9x+2) = −1
Someone who wants the credentials of skilled training, but in less time than a four-year degree should consider         A. career or technical education.   B. a
Which is the correct way to cite a book?
Yo vengo _____ Chicago. desde cerca milla norte
Which of the following foods are made by using bacteria A- cheese B- yogurt C- sourdough bread D- all of above
how do you find the area of a complex shape​
analogy for trident:three spear:fork Poseidon:zuess fishing:tool duplex:two​
Help with this question please!!