Andychulo1512 Andychulo1512

28-12-2020
Business

contestada

One year ago, you invested $3,250.00. Today, it is worth $4,000.00. What rate of interest did you earn

Respuesta :

Tundexi Tundexi

30-12-2020

Answer:

23.08%

Explanation:

Future value =Present value*(1+r)^n

$4,000 = $3,250*(1+R)^1

$4,000 = $3,250*(1+R)

1+R = $4,000/$3,250

1+R = 1.230769

R = 1.230769 - 1

R = 0.230769

R = 23.08%

Answer Link

Otras preguntas

When the 18 French class students randomly line up for a fire drill, what is the probability that Amy is first and Zach is last in line?

AMPA ON HP H 5) What is ironic about the speaker's solitude at the end of the poem? A) It is blissful instead of sad. B) It puts him in a vacant and pensive moo

If significant global warming happens, the consequences will be Choose one: A. a drop in sea level. B. an interruption of ocean currents and the heat transfer t

PLEASE Write an equation in slope-intercept form of the line shown. An equation is

In a large company, 45% of the employees wear khaki pants on a daily basis. Which calculation finds the probability of getting less than 40% of employees wearin

After a boater runs out of gas a boater considers dropping the motor into the water to create waves describe the resuming motion of the boat and explains why th

What were some of the key reforms won by the Civil Rights Movement in the United States, and how did they affect life for African Americans?

Cameron buys a pack of pencils and a pencil sharpener for $15. The pencil sharpener costs twice as much as the pack of pencils. How much does the pack of pencil

i will mark brainliest the first person to answer my question

Select the correct answer from each drop-down menu. A personal narrative essay is usually written in and in .