byzurita09
byzurita09 byzurita09
  • 20-03-2017
  • Mathematics
contestada

Find the principal.
to get $800 after 3 1/2 years at 7% compounded monthly

Respuesta :

jdoe0001 jdoe0001
  • 20-03-2017
[tex]\bf \qquad \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \qquad \begin{cases} A=\textit{compounded amount}\to &800\\ P=\textit{original amount deposited}\\ r=rate\to 7\%\to \frac{7}{100}\to &0.07\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, meaning 12} \end{array}\to &12\\ t=years\to &3\frac{1}{2} \end{cases}[/tex]

solve for "P" to find the Principal
Answer Link

Otras preguntas

the nearest ten thousand of 141173
What are the next two numbers? 0.3 , 0.7 , 1.1 , 1.5 ,
What features of the electoral system support the existence of a two-party system
A single tree produces about 2.6 × 10^2 lb of oxygen each year. The Amazon rainforest has about 3.9 × 10^11 trees. About how many pounds of oxygen are produced
If 5750 Joules of energy are added to 455 grams of granite at 24.0 C, what is the final temperature of the granite The specific heat of granite is 0.79 J/g k
What geographic factors influenced the development of the Atlantic slave trade
The length of Giselle`s arm is 27 inches. The length of her lower arm is 17 inches. About what percent of Giselle`s arm is her lower arm?
Explain why it is better to not use rhetorical questions in a research paper.
is nucleotide a carbohydrate lipid protein or nucleic acid
What caused the growth of powerful nations in europe