thewizdoctor1325 thewizdoctor1325
  • 21-01-2015
  • Mathematics
contestada

in the formula l=p+prt, what does l equal when p=500,r=20%, t=2

Respuesta :

thisisbenmanley
thisisbenmanley thisisbenmanley
  • 21-01-2015
Just plug in 500 for p, 0.2 for r (because 20% is equivalent to 0.20), and 2 for t:

[tex]I=p+prt\\I=(500)+(500)(0.2)(2)\\I=500+200\\I=700[/tex]

So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.
Answer Link

Otras preguntas

Why were the Africans brought to the new world as slaves
The ruby-throated hummingbird has a Wing beat of about 200 beats per second. Predict how many wing beats would a hummingbird have in 3 minutes
A store sells honey in 3/8- quart jars. if the store has 24 quarts if honey available on a shelf, how many jars of honey are on the shelf?
What ocean is closet to ohio?
Which best describes a theme of "a man said to the universe"? a. societal forces play a major role in forming an individual. b. individuals should accept thei
Fossil fuels are organic material. true or false
by 1830, independence had been won by who
what are the dense planets nearest the sun
Transformati 5,6 grame/cm=?kg/m3
If one pound is the same weight as 16 ounces, how many ounces equal 3.5 pounds? (only input whole numbers.)