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)

Which rule states that if two sides and the included angle of one triangle are congruent to the corresponding parts of another triangle, then the triangles are congruent?

What is the dot product of vectors v = (3, -2) and w = (4, 5)?

What is the measure of an angle formed by two intersecting lines if the alternate interior angles are 70 degrees and 110 degrees?

New questions in Mathematics

Calculate to represent the function whose graph is a line that passes through the points (1,2) and (−3,4). What is your slope?

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

The Lenovo company manufactures laptop computers, it is known that for every 60 laptops produced, 54 go on the market with the highest quality standards. If a sample of 15 laptops is taken, calculate the probability that: Exactly 2 are not of high quality

Suppose 56% of politicians are lawyers if a random sample of size 564 is selected, what is the probability that the proportion of politicians who are lawyers will differ from the total politicians proportions buy more than 4% round your answer to four decimal places

A pair of die is thrown and the absolute difference of the two scores is recorded. What is the probability of the absolute difference being 4 or more?

prove that if n odd integer then n^2+5 is even

In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?

sin 30

What’s the slope of a tangent line at x=1 for f(x)=x2. We can find the slopes of a sequence of secant lines that get closer and closer to the tangent line. What we are working towards is the process of finding a “limit” which is a foundational topic of calculus.