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Mathematics
Finance
Simple Interest
If you would like to make $1213 in 8 years, how much would you have to deposit �in an account that pays simple interest of 5�%?
1 answer
I = PRT
1213 = P * 0.05 * 8
1213 = P * 0.4
3,032.5 = P
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IS MY ANSWER CORRECT?
If you would like to make $1213 in 8 years, how much would you have to deposit �in an account that pays
Top answer:
huh? amount deposited = A Interest earned in 8 years on that is .05 * 8 * A = 1213 A = 1213/0.40
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Change the decimal to a fraction: 0.1213 (1 point)
- 1213/10 - This decimal is Irrational and cannot be written as a fraction -
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1213/10000
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Change the decimal to a fraction: 0.1213 (1 point)
1213 999 0 12 1000 • 1213 10 • This decimal is Irrational and cannot be
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0.1213 can be written as the fraction 1213/10000.
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Change the decimal to a fraction: 0.1213(1 point) Responses
12 13/10 1213/999 This decimal is Irrational and cannot be written as
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1213/10000
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Change the decimal to a fraction: 0.1213(1 point) Responses 1213/1000 1 213/1000 This decimal is Irrational and cannot be
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0.1213 can be written as a fraction as 1213/10000.
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Change the decimal to a fraction: 0.1213
Answer choices: 1213/999 1 213/1000 This decimal is irrational and cannot be written and
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The decimal 0.1213 can be expressed as the fraction 1213/1000.
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Change the decimal to a fraction: 0.1213(1 point)
Responses A. 12 13/10 B. 1213/1000 C. 1213/999 D. 1 213/1000 E. This decimal is
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The correct answer is B. 1213/1000.
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Change the decimal to a fraction: 0.1213(1 point)
Responses 1213999 1213 over 999 12131000 1213 over 1000 121310 12 and 13 tenths
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The correct answer is 1213/10000.
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Change the decimal to a fraction: 0.1213 (1 point)
•1213/1000 •1 213/1000 •1213/999 •12 13/10 • This decimal is
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The correct fraction is 1213/10000.
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Change the decimal to a fraction: 0.1213 (1 point)
This decimal is Irrational and cannot be written as a fraction 1213/1000 1
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1213/10000
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