How many months are needed for an investment of 869,000 to generate 85,000 in interest, if the agreed rate is 12.5% per year.

Name: Solved: How many months are needed for an investment of 869,000 to generate 85,000 in interest, if the agreed rate is 12.5% per year. - MathMaster
Brand: MathMaster
Rating: 4.9 (277 reviews)

277

likes

1387 views

Answer to a math question How many months are needed for an investment of 869,000 to generate 85,000 in interest, if the agreed rate is 12.5% per year.

$Expert avatar$

Dexter

4.7

114 Answers

9.4 months

Frequently asked questions (FAQs)

Question: How many ways can you arrange a group of 6 people in a line?

What is the product of 18 and 7?

What are the characteristics of the cubic function f(x) = x^3? Describe its graph, domain, range, x-intercepts, y-intercept, symmetry, and end behavior.

New questions in Mathematics

A particular employee arrives at work sometime between 8:00 a.m. and 8:40 a.m. Based on past experience the company has determined that the employee is equally likely to arrive at any time between 8:00 a.m. and 8:40 a.m. Find the probability that the employee will arrive between 8:05 a.m. and 8:30 a.m. Round your answer to four decimal places, if necessary.

Using a remarkable product you must factor the expression: f(x) =36x^2-324 and you are entitled to 5 steps

Solution of the equation y'' - y' -6y = 0

a ferry travels 1/6 of the distance between two ports in 3/7 hour. the ferry travels at a constant rate. at this rate, what fraction of the distance between the two ports can the ferry travel in one hour?

A college believes that 22% of applicants to that school have parents who have remarried. How large a sample is needed to estimate the true proportion of students who have parents who have remarried to within 5 percentage points?

5 squirrels were found to have an average weight of 9.3 ounces with a sample standard deviation is 1.1. Find the 95% confidence interval of the true mean weight

3(4x-1)-2(x+3)=7(x-1)+2

1 plus 1

Determine the momentum of a 20 kg body traveling at 20 m/s.

show step by step simplification: (¬𝑑∨((¬b∧c)∨(b∧¬c)))∧((𝑎 ∧ 𝑏) ∨ (¬𝑎 ∧ ¬𝑏))∧(¬𝑐∨((¬𝑑∧𝑎)∨(𝑑∧¬𝑎)))

The ninth term of a given geometric progression, with reason q , is 1792, and its fourth term is 56. Thus, calculate the fourth term of another geometric progression, whose ratio is q +1 and whose first term is equal to the first term of the first P.G. described.