Question

Determine the simple interest rate at which $2400 will grow to $2585 in 10 months. (Round your answer to two decimal places.)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

(Page no. Date: Solution We have simple interest rate at which $2400 will grow to $2685 to months According to formula A= P(1

Add a comment
Know the answer?
Add Answer to:
Determine the simple interest rate at which $2400 will grow to $2585 in 10 months. (Round...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Find the accumulated amount A if the principal Pis invested at the interest rate of r/year...

    Find the accumulated amount A if the principal Pis invested at the interest rate of r/year for tyr. (Use a 365-day year. Round your answer to the nearest cent.) P = $230,000,- 7%, t = 5, compounded daily A=$ X Need Help? Read it Talk to a Tutor Submit Answer DETAILS [0/0.1 Points] PREVIOUS ANSWERS TANAPMATHS 4.1.021. PRACTICE ANG MY NOTES Find the effective rate corresponding to the given nominal rate. (Round your answer to two decimal places.) 12%/year compounded...

  • 1. -15 points Find the requested value and tell what the other numbers represent. Find P:...

    1. -15 points Find the requested value and tell what the other numbers represent. Find P: 11716 = P + P(0.04X4) Need Help? Read It Watch It Talk to a Tutor 2. -12 points $14,000 is invested for 4 years at an annual simple interest rate of 12%. (a) How much interest will be earned? (b) What is the future value of the investment at the end of the 4 years? Need Help? Read It Watch It Talk to a...

  • 13. + -14 points LarPCalc9 3.5.010 My Notes + Complete the table assuming continuously compounded interest....

    13. + -14 points LarPCalc9 3.5.010 My Notes + Complete the table assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Annual % Rate Time to Double Amount After 10 Years $800 $1705 Need Help?Read It Talk to a Tutor Submit Answer Save Progress Practice Another Version 14. + -14 points LarPCalc9 3.5.011 My Notes Complete the table assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Annual 00 Rate Time to...

  • If Rita receives $49.54 interest for a deposit earning 4% simple interest for 70 days, what...

    If Rita receives $49.54 interest for a deposit earning 4% simple interest for 70 days, what is the amount of her deposit? (Round your answer to the nearest cent.) $ 6457.9 X Need Help? Read It Talk to a Tutor

  • +/-/9.09 points JKEStat11 8E022. Consider the following. (Round your answers to two decimal places.) (a) Determine...

    +/-/9.09 points JKEStat11 8E022. Consider the following. (Round your answers to two decimal places.) (a) Determine the value of the confidence coefficient z(a/2) for 1-α = 0.82. (b) Determine the value of the confidence coefficient z(a/2) for 1-α-0.99. You may need to use the appropriate table in Appendix B to answer this question. Need Help?Read It Talk to a Tutor

  • Use Simpson's Rule with n = 10 to estimate the arc length of the curve. Compare your answer with ...

    Use Simpson's Rule with n = 10 to estimate the arc length of the curve. Compare your answer with the value of the integral produced by your calculator. (Round your answer to six decimal places.) 20.958576x Need Help? Read It Watch It Talk to a Tutor Use Simpson's Rule with n = 10 to estimate the arc length of the curve. Compare your answer with the value of the integral produced by your calculator. (Round your answer to six decimal...

  • Determine za for the following of a. (Round your answers to two decimal places.) a =...

    Determine za for the following of a. (Round your answers to two decimal places.) a = 0.0054 (a) 2.55 a = 0.16 (b) 1.41 (c) a = 0.659 .44 You may need to use the appropriate table in the Appendix of Tables to answer this question. Need Help? Talk to a Tutor

  • Use the Law of Sines to find the indicated side x. (Assume a = 17. Round...

    Use the Law of Sines to find the indicated side x. (Assume a = 17. Round your answer to one decimal place.) x = A 37.5 Need Help? Read It Master It Talk to a Tutor -/1 points v SPRECALC7 6.5.006. Use the Law of Sines to find the indicated angle 0. (Assume C = 62°. Round your answer to one decimal place.) eB 80.2 Need Help? Read It Talk to a Tutor -/3 points v SPRECALC7 6.5.009. Solve the...

  • Determine the confidence level for each of the following large-sample one-sided confidence bounds. (Round your answers...

    Determine the confidence level for each of the following large-sample one-sided confidence bounds. (Round your answers to the nearest whole number.) (a) Upper bound: x + 1.28s/n (b) Lower bound: - 1.888/Vn (c) Upper bound: x + 0.845/vn You may need to use the appropriate table in the Appendix of Tables to answer this question. Need Help? Read It Watch It Talk to a Tutor -110 points V DEVORESTAT9 7.E.503.XP. My Notes Ask Your Teacher V An article gave the...

  • Use the demand function to find the rate of change in the demand x for the...

    Use the demand function to find the rate of change in the demand x for the given price p. (Round your answer to two decimal places.) 4p X = 600-p- - $5 P+1 units per dollar Need Help? Read It Talk to Tutor

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT