kebetty627 kebetty627

21-07-2022
SAT

contestada

How much principal must be
invested to earn $36 in 1/2 a year
at an interest rate of 8%?

How much principal must be invested to earn 36 in 12 a year at an interest rate of 8 class=

Respuesta :

Аноним Аноним

22-07-2022

Answer:

Simple interest: $70.56

Annually compounded Interest: $90.65

Explanation:

Answer Link

pannavmittal pannavmittal

24-07-2022

Answer
900$

let our principal be P
as SI = P x R x T / 100
=> P x 8 x 1 / 100 x 2 = 36
=> 0.04 x P = 36
=> P = 36 / 0.04
=> P = 900$

Answer Link

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