roseladaangela roseladaangela

01-12-2020
Mathematics

contestada

At what interest rate will P20,000 accumulate to P26,080 in 8 years time?

Respuesta :

PiaDeveau PiaDeveau

07-12-2020

Answer:

Rate of interest = 3.8%

Step-by-step explanation:

Given:

Initial amount p = 20,000

Final amount p + I = 26,080

Number of year t = 8 year

Find:

Rate of interest

Computation:

I = 26,080 - 20,000

I = 6,080

I = PRT

6,080 = (20,0000)(r)(8)

Rate of interest = 3.8%

Answer Link

Otras preguntas

Those delegates in attendance at the Convention of 1787 are often referred to as:

(4 ten thousands 4 thousands) x 10

what is the surface area of a square pyramid with base side lengths of 10 inches and a slant height of 14 inches

Nadine mixes a juice solution that is made from 3 gallons of an 80% juice solution and 1 gallon of a 20% juice solution. What is the percent concentration of th

Explain why you cannot use mass or volume alone to identify substances.

Deductive reasoning goes from the general to the blank

Jan's age is 3 years less than twice Tritts age.The sum of their ages is 30. Find their ages

Find S5 for the sequence 3, 13, 23, 33, 43, 53, 63, 73.

Explain why head circles and arm circles are considered dangerous exercises.

what is the quotient? 3806 _________ 22