Anonymous Anonymous

18-04-2016
Mathematics

Answered

Suppose Marcus invests $750 at an annual rate of 6.25%. How long will it take until Marcus earns $125 in simple interest?

Verified Answer :

19-04-2016

750$ divided by 6.25% = 120$ at an annual rate of interest (a year i'm guessing) meaning it would take him approximately a year and about half a month to get 125$ in simple interest

Answer Link

Related Questions

She picked 1 13 bushels of apples on her first trip and went back a second time and picked 5 13 bushels of apples

After the formation of Israel on May 14 1948 what was the reaction of surrounding Arab nations

A Horse is tied with rope in the center of grassland to graze The length of rope is 5m The diameter of circular garden is 50m Find the area in which the horse c

Which exponential function goes through the points 1 16 and 4 128 fx 44x fx 82x fx 82x fx 44x

Compute the permutations and combinations 5 P 3 30 60 120

what happened to the republican government of Rome when Julius Caesar took control

GrawHill1000000000017 of 27 Concepts completed iMultiple Choice QuestionIdentify the answer choice that correctly capitalizes a proper adjectiveO My fatherinlaw

describe the function of each of the following in protein synthesis rRNA mRNA and tRNA

A motorboat accelerates uniformly from a velocity of 65ms to the west to a velocity of 15ms to the west if its accelerate was 27ms2 to the east how far did it t

What is the meaning of inertia