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)

What is the rule for congruence of triangles that states if two angles and the included side of one triangle are congruent to two angles and the included side of another triangle, then the two triangles are congruent?

What is the maximum value that the function f(x) = x^2 - 4x + 5 achieves on the interval [0, 5]?

Question: What is the period of the function f(x) = 2sin(3x) + cos(2x) within one cycle?

New questions in Mathematics

A circle with a 12-inch diameter is folded in half and then folded in half again. What is the area of the resulting shape?

If you have a bag with 18 white balls and 2 black balls. What is the probability of drawing a white ball? And extracting a black one?

The time it takes for a person to travel 300 m is 15 minutes. What is their speed in meters per second?

Use the digits of 1,9,2,3 to come up with all the numbers 98 and 95

A hotel in the Algarve had to offer 1 week of vacation to one of its employees as an Easter gift in a random choice. It is known that 80 people work in this hotel, 41 of whom are Portuguese and 39 are foreign nationals. There are 14 Portuguese men and 23 foreign women. Using what you know about conditional probability, check the probability that the gift was offered to a Portuguese citizen, knowing that it was a woman.

2x-y=5 x-y=4

Find the derivatives for y=X+1/X-1

There were no defectives in a sample of 1 light bulb does this sample provide sufficient evidence that in the warehouse with millions of light bulbs fewer than 10% are defective?

6-35 A recent study by an environmental watchdog determined that the amount of contaminants in Minnesota lakes (in parts per million) it has a normal distribution with a mean of 64 ppm and variance of 17.6. Assume that 35 lakes are randomly selected and sampled. Find the probability that the sample average of the amount of contaminants is a) Greater than 72 ppm. b) Between 64 and 72 ppm. c) Exactly 64 ppm. d) Greater than 94 ppm.