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: In triangle ABC, angle bisector of angle A divides side BC into segments BD and CD. If BD = 8 cm and CD = 12 cm, what is the length of side BC?

Question: How can the distributive property be applied to factor the expression 3(x + 4) - 2(2x + 5)?

What is the probability of obtaining heads at least twice in three consecutive coin tosses?

New questions in Mathematics

calculate the following vector based on its base vectors a= -18i,26j

Derivative of x squared

(5u + 6)-(3u+2)=

3(2•1+3)4

If the midpoint of point A on the x=3 line and point B on the y=-2 line is C(-2,0), what is the sum of the ordinate of point A and the abscissa of point B?

A merchant can sell 20 electric shavers a day at a price of 25 each, but he can sell 30 if he sets a price of 20 for each electric shaver. Determine the demand equation, assuming it is linear. Consider (P= price, X= quantity demanded)

You mix a powder drug with a 4.5ml of liquid to get a reconstituted solution with a concentration of 250mg/ml. The prescribers order is for 500 mg . You will give what ml of the reconstituted solution

Your boss asks you to plan the sample size for a randomized, double-blind, controlled trial in the clinical development of a cure for irritable bowl disease. Current standard treatment shall be compared with a new treatment in this trial. The S3-guideline of AWM demonstrated a mean change of the summary score of the validated health related quality of life questionnaire at 8 weeks of 16 with standard deviation 23 under standard treatment. You quote the drop-out rate of 11% from literature (previous phase of clinical development). Your research yielded a clinically important effect of 4 that has been found to be the Minimal Clinically Important Difference (MCID). In order to demonstrate superiority of the new treatment over standard of care, you assume that the change in of the summary score of the validated health related quality of life questionnaire follows a normal distribution, and that the standard deviation is the same for both treatments. How many patientes would one need to recruit for the trial to demonstrate the clinically interesting difference between treatments at significance level 5% with 95% power?

Equine infectious anemia (EIA) is considered the main infectious disease in Brazilian equine farming, for which there is no effective vaccine or treatment. It is caused by a retrovirus of the genus Lentivirus, which affects horses, donkeys and mules and is transmitted in nature mainly by hematophagous insects of the genus Tabanidae. Researchers analyzed the records of 9,439 equids from Acre, submitted to the agar gel immunodiffusion test (AGID) for equine infectious anemia (EIA), between 1986 and 1996. Of these, 6199 tested positive for equine infectious anemia (EIA) . Knowing that the age of AIE-positive horses follows a Normal distribution with a mean of 5 years and a standard deviation of 1.5 years, determine the expected number of AIE-positive horses in the Acre sample that will be aged less than or equal to 3 years. ATTENTION: Provide the answer to exactly FOUR decimal places.