Answered: What principal would you need to invest…

What principal would you need to invest at a rate of 4% to earn $200 in 9 months? Round your answer to the nearest cent.

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

See similar textbooks

Related questions

Q: Given the three matrices below, determine which of the following expressions are defined. If an…

Q: sheila needs to find the height of a parallelogram. the base is 8 inches long and the area is 40…

Q: is a 5 x 2 matrix, B is a 2 x 6 matrix, and C is a 6 x 3 matrix. Determine if the following matrix…

Q: Solve the following inequalities and graph the solution sets. 9. 14x-219 14x-279 4x11 = 2=>311 4 -7…

Q: How does 2sec(t/2) is equal to 1/2sec(t/2)?

Q: A. The non-invertible 3 x 3 matrices B. The 3 x 3 matrices of determinant 2 c. The 3 x 3 matrices…

Q: f(x) = x-2 t = 6

Q: 1 3 4 || S+ X1 X1 +x2 x2 +x3 Ex +x4 +x4 = = = 3 –4 3 10

A: To solve the system of equations

Q: Min P = 4x+10y Subject to: 2x+6y224 4x+2y218

A: Given Min P=4x+10y,subject to2x+6y≥244x+2y≥18

Q: Let S={1,2,3,4,5,6,7,8,9,10}S={1,2,3,4,5,6,7,8,9,10} be the universal set. Let sets A, B, and C be…

A: Topic- Sets We are given Set A={1,2,10}Set B={1,4,7,8,9}Set C={3,5,7,10} We need to find A∩B∩CA∪B∪C…

Q: Find the domain and ran 54 -3 2- M 2 -2 -3 -S

A: Given query to find the range of the function.

Q: Find the derivative of the function of y = 8x6 - 13x² when x = -2

A: Given, y=8x6-13x2

Q: Find the linear function with the following properties. f(0)=−4 Slope of f=5/4

Q: Consider the following system of equations 5 -3 30-4 5 and the following approximation of the…

A: Solution: The given system of equations is 5-32-84-1-4-70xyz=4-25 & xr=3.39.8-9.3 The relative…

Q: 3. a) A function h is defined by: h(q) = aq³+q² + bq - 240 When h(q) is divided by (4 - q), the…

A: Since Multiple Questions are asked with multiple subparts. Though, I am solving the question 3 (a)…

Q: Assume the map T: P₂ → P₂ defined by T(a + a₁t+ a₂t²) = −a₁ −2a₂ + (−a₂)t + (a₁ −2a₁ + a₂)t² is…

A: Please see the below picture for detailed solution.

Q: Use the given table to evaluate each expression in parts (a) through (d), if possible. (a) (f+g)(2)…

A: Given Data : We have given two functions with their functional value at some points. Explanation :…

Q: 1. Consider the function f(x)=2 a. The parent function b. The vertical intercept of f(x) written as…

Q: Consider the following data in the table x y -1 -3.75 0 -3 1 -2.4 2 -1.92 Is the dataset in…

A: Is the dataset in the table representative of a linear function or exponential function?

Q: A catering service offers 9appetizers, 11 main courses, and 9 desserts. A banquet committee is to…

A: Given 9 appetizers11 main courses9 dessertsWe are required to select 5 appetizers, 7 main courses, 4…

Q: Graph the inequality. 5x + 6y ≥ 30 *** Use the graphing tool to graph the inequality. Click to…

Q: Consider the following vectors. --[]-4-[-]·₂-[-1] V = = Give the corresponding linear combination.…

A: Given, v=15, u1=1-1,u2=4-1

Q: You can afford monthly deposits of $90 into an account that pays 4.8% compounded monthly. How long…

Q: 9 -1 f(x) dx

A: Follow the procedure given below.

Q: For services rendered, an attorney accepts a 120-day note for $4,400 at 8% simple interest from a…

A: We have to find the interest rate.

Q: The perimeter of a square picture frame is 32 in. Find the length s of each side of the frame.

A: See this solution in below.

Q: s) Which of the following subsets of R³x³ are subspaces of R³×³? A. The 3 x matrices of determinant…

Q: Azarias can paddle his kayak 5 miles per hour in still water. It takes him as long to paddle 7.5…

A: Given:- speed of Azarias =5 mi/hr Let speed of rivers current =c mi/hr

Q: V. Find the equation of the tangent line to the graph of the function at the given value of xo by…

A: Use the formula for the equation of the tangent line. y-y0=mx-x0 And We know the slope of the…

Q: r 4-5x 3. f(x)=- ; f'(-1)

Q: Write the given rate as a fraction in simplest form. 48 cups for every 66 people Select the correct…

Q: a.) In an arithmetic progression the sum of the first ten terms is 400 and the sum of the next term…

Q: Homework Exerc K A buyer is planning to purchase a franchise to sell decorations for the home. The…

A: We know that, Mean = Expected Value

Q: Write the given ratio as a fraction in simplest form. 3-⁄2 to 5-1/2 IN The ratio is (Type an integer…

Q: Compare the functions F(x) and G(x). F(x)=2x²-8x-1 Graph of G(x): -1:2 -1,0 -8 -6 -4/ -2 60. What is…

Q: Calculate the determinant of the matrix 1 2 34 (a 2x2 matrix having [1, 2] as first row, and [3, 4]…

Q: 1 3. Consider the system Ax=b, where A = 1 3 7 1 -1 (a) Find all possible values of b so that…

A: NOTE: Refresh your page if you can't see any equations. . system Ax=b is augmented matrix is

Q: Write an algebraic expression for each set of points.

A: first we write the the equation of balck color curve other two curves are the only vertical…

Q: If the two lines intersect, then k= X=1-y+30-2+2 x=y+1 2 -=-z+k

Q: Find the unit price for each size option shown below. Which option is the better buy? Large jar of…

Q: B. Write the letter of the solution set of the following quadrati inequalities. (Some items may have…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: The one-to-one functions g and h are defined as follows. g(x) = -9x-2 h={(-2, 9), (0, 4), (3, 5),…

Q: The profit formula for a small business is p = -x² + 140x 4000. Find the set of x-values that will…

A: The profit formula for a small buisiness is p=-x2+140x-4000. To find the set of x‐values that will…

Q: Simplify. 5-5(4w-2) + w O 19w - 15 *19w - 15 *19w + 15 O 19w + 15

Q: 1. Simplify the following a. (5 % +2%)÷3% b. 4} + 3}} 7 20

Q: ts) A and B are n x n matrices. Check the true statements below: DA. det AT = (-1)det A. B. If two…

A: Given : A and B are n * n matrices

Q: III. Find the values of a and b that will make the given function continuous everywhere. [x² + ax+b,…

Q: Question 16 Multiply the Fractions and SIMPLIFY the result! 24c 20d 5d 21 careful with HIDDEN CROSS…

A: Given fraction, 24c5d∘20d21

Q: Question 2. Factor and sketch the following equation on a graph, f(x) = -5x² + 15x² and describe the…

Q: Graph the function. f(x) = x²-1 for x ≤ 1 2x 2 for x>1 ↓ w fo és m 4-

A: Consider the function f(x)=x2-1 for x≤12x-2 for x>1

Question

What principal would you need to invest at a rate of 4% to earn $200 in 9 months? Round your answer to the nearest cent.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

What interest rate would you need to get to double an investment of 200 in eight years?
Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount with 8.2 APR, compounding daily, in orderto reach his goal in 5 years?
Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would pay $6,596.25 in interest over five years. How much did he borrow to pay for his car?
Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed to invest in an account now with 7.5 APR,compounded daily, in order to reach her goal in 3 years?