How much does leroy need to invest at a rate

Reference no: EM13201078

The simple interest formula I=prt gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Leroy need to invest at a rate of 7% in order to earn $420 interest in 4 years?

Reference no: EM13201078

Questions Cloud

State the limestone blocks from which an ancient pyramid : The limestone blocks from which an ancient pyramid was made weigh about 2 tons per cubic yards find the approximate wight of the pyramid having a square base of length 250 yards

How long wll the rabbit run before it catches the turtle : when the turtle started he slept for seven hours before he started the race the rabbit's average rate when he was awake was 5 kn/hr the turtle never stopped for a break but his pace was only 1 km/hr how long wll the rabbit run before it catches th..

Explain trade effects on product prices and factor incomes : Assume that there are two countries, Argentina and Brazil, each producing wheat and wine from capital labor. Suppose that Argentina has abundant capital and scarce labor when compared to Brazil; that wheat is capital intensive relative to wine.

A machine produces inch latex gloves : Find the 98% confidence interval on the proportion of all such gloves that are shorter than 9 inches

How much does leroy need to invest at a rate : The simple interest formula I=prt gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Leroy need to invest at a rate of 7% in order to earn $420 interest in 4 years?

How fast is the distance from the particle to the origin : A particle is moving along the curve y=x^(1/2). As the particle passes through the point (4,2), its x-coordinate increases at a rate of 3cm/sec. How fast is the distance from the particle to the origin changing at this instant.

What range of payments will the farmer accept : What are the highest and lowest payments from the writer that the beekeeper=farmer team will accept for the sixth day Assuming that the farmer can dispose of $7 of the writer as she wishes, what range of payments will the beekeeper accept

Find out the distanc3e between points a and b : the distanc3e between points A and B is 50 ft. Angle A measures 70 degrees, and angle B measures 65 degrees. A bridge will be built between points A and C.

What is the proablity of randomly generating nine digits : each social security number is a sequence of nine digits. what is the proablity of randomly generating nine digits and getting your social security number?

User Account

All Pages