montyguffie1234
montyguffie1234 montyguffie1234
  • 10-05-2022
  • Mathematics
contestada

You deposited 9500 dollars in a savings account that earns a simple intrest rate. What intrest rate do you need to be paid, if you require 9880 after 4 years?

Respuesta :

jsimpson11000 jsimpson11000
  • 10-05-2022

Answer:

1%

Step-by-step explanation:

Interest gain would be   9880 - 9500 = 380 dollars

9500 * i * 4 yrs = 380

  i = .01     or  1%

Answer Link

Otras preguntas

What is the solution of log2x+7 27= 3
How do interactions help dandelion honeybee and a hawk
A company rents out 12 food booths and 29 game booths at the county fair. The fee for a food booth is $175 plus $8 per day. The fee for a game booth is $95 plus
A circle is centered at (0,-8) passes through the point (2,-5). Find the equation of the circle.
The top of a rectangular table has an area of 18x^2 + 69 + 60. The width of the table is 3x + 4 . What is the length of the table?
To perform in repertory means to present several plays on alternate nights. a. True b. False
A plane has 360 total seats, which are divided into economy class and business class. For every 13 seats in economy class, there are 5seats in business class. H
Connecting Motive to Deeper Meaning in The Odyssey He had in wizardry among the Cyclops, and these things he foretold for time to come: my great eye lost, and a
A photograph measures 4 inches wide and 5 inches long if you have the photograph in large to fit a frame 36 inches long what is the widest the photograph can be
How many gallons of gas I need to purchase to make the trip to see my friend and to return home?