derbraz3034 derbraz3034

28-05-2020
Mathematics

contestada

Max invests some money in a savings bond.

The savings bond pays interest at a rate of 2% per year.

At the end of the first year, his savings bond is worth £5763

(b) How much money did Max invest in the savings bond?

Respuesta :

martin58853 martin58853

02-06-2020

Answer:

£288150

Step-by-step explanation:

We'll use the formula

PRT/100= interest

But in this case we are looking for principal P

Rate= 2%

Interest= £5763

T=1

P= (I*100)/(RT)

P= (5763*100)/(2*1)

P= 288150

The principal is £288150

Answer Link

Otras preguntas

Politically, the class of people who are more likely to feel that the government should intervene in the economy to make citizens financially secure are the ___

Paulette is working on a college degree that will earn a job promotion for her in three years. This is an example of which element of the career development pla

Draw an example of a binary tree that: 1. Is a Max Tree, but not a Max Heap, 2. Is a Max Heap and also a Min Heap, 3. Is a Search Tree and a Max Tree and has

Tom's Textiles shipped the wrong material to a customer, who refused to accept the order. Upon receipt of the material, Tom's would credit Accounts Receivable a

Sales The rate of increase in sales S (in thousands of units) of a product is proportional to the current level of sales and inversely proportional to the squar

An important implication that arises out of the forces that influence quality is thatas the business world becomes more complex, quality must be approached from

Solving a _____ is the process of calculating unknown side lengths or angle measures of a triangle if certain of the side lengths and/or angle measures are know

Two pure elements react to form a compound. One element is an alkali metal, X, and the other element is a halogen, Z. Which of the following is the most valid s

A certain reaction was run several times using each of two catalysts, A and B. The catalysts were supposed to control the yield of an undesirable side product.

Which makes bacterial infections difficult to defeat? O A. Bacteria live in viruses. O B. Bacteria live outside of cells. O C. Macrophages work slowly. o D. Kil