Anna invested $5,900 in an account earning 9% p.a.How many months did it take for her investmentto earn an interest of $308? Round up your answer to the next month.t = 7months

Find out the number of months after which the investment earns an interest of $308.

Answered: Anna invested $5,900 in an account…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 4E

See similar textbooks

Similar questions

Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per job, how many jobs must he do to earn a profit of at least $4,000 a month?
In the situation of the example, how long could you keep the car if your expense account allowed 242?
The average American produces about 1,600 pounds of paper trash per year (365 days). How many pounds of paper trash does the average American produce each day? (Round to the nearest tenth of a pound.)
Caleb has a pet sitting business. He charges $32 per hour. His monthly expenses are $2,272. How many hours must he work in order to earn a profit of at least $800 per month?
Financial Planning A college student invested part of a 25,000 inheritance at 7% interest and the rest at 6%. If his annual interest is 1670, how much did he invest at 6%?
A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job are $110,400. What percent of the job is profit? Round the answer to 1 decimal place.
U.S. Census data shows that the median price of new home in the United States in November 2014 was $280,900. This was $10,700 more than 14 times the price in November 1964. What was the median price of a new home in November 1964?
Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it take for her money to double?
Commission Every week Perry gets paid $150 plus 12% of his total sales amount. Solve the equation 840=150+0.12(a1250) for a, to find the total amount Perry must sell in order to be paid $840 one week.
A machinist's gross income is $875 a week. If the cost of living goes up 3.4%, how much must the gross income increase in order for the machinist to keep even?
Phuong left home on his bicycle at 10:00. He rode on the flat street until 11:15, then rode uphill until 11:45. He rode a total of 31 miles. His speed riding uphill was 0.6 times his speed on the flat street. Find his speed biking uphill and on the flat street.

Recommended textbooks for you

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

PREALGEBRA

Algebra

ISBN:

9781938168994

Author:

OpenStax

Publisher:

OpenStax

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Big Ideas Math A Bridge To Success Algebra 1: Stu…

Algebra

ISBN:

9781680331141

Author:

HOUGHTON MIFFLIN HARCOURT

Publisher:

Houghton Mifflin Harcourt

SEE MORE TEXTBOOKS

Anna invested $5,900 in an account earning 9% p.a.How many months did it take for her investment to earn an interest of $308? Round up your answer to the next month. t = 7 months