Wednesday
April 1, 2015

Homework Help: Algebra 2

Posted by Anonymous on Saturday, October 1, 2011 at 12:46pm.

P dollars equals to an interest rate r for T years= T=P+Prt. An investment of $10,000 grew to at least $12,000 in two years, what is the minimum interest rate at which can be invested ?
I'm not sure how to set this problem. I thought at first I would substitute the years and the dollars into the equation in place of T as 2 and the Dollars P as 10,000, but i do not know if that's how i am supposed to start it

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...
math - Amount of an investment. The amount of an investment of P dollars for t ...
math,algebra - Is this correct Business and finance. The simples interest I on a...
Math - The nominal rate of interest is 8% and the rate of inflation is 5%. A ...
Compounded Interest - ) An investment of $37,000 was deposited in the bank. ...
pre-algebra - Shannon put $ 7,000 in a 5 year CD that paid 8% interest per year...
Math - The amount of an investment of P dollars for t years at simple interest ...
Algebra - Jason and Mary have a new baby. They want to invest $20,000 at the ...
algebra - A total of $12,000 is invested in two funds paying 9% and 11% simple ...
7th grade math - Can you check these simple interest problems? 1. If you borrow...

Members