Mia has an investment that is worth $12,000 after 4 years. If the initial investment was $8,000, what is the annual simple interest rate?

Answers

Answer 1

Answer: 12.5 %

Explanation:

Hi, to answer this question we have to apply the simple interest formula:  

I = p x r x t  

Where:  

I = interest (investment after interests - principal; 12000-8000=4000)

P = Principal Amount (initial invest)  

r = Interest Rate (decimal form)  

t= time  

Replacing with the values given  

4,000= 8,000 (x) 4

Solving for x :

4,000= 32,000x

4,000/ 32,000 =x

x= 0.125

Since the interest rate is in decimal form, we have to multiply it by 100 to obtain the percentage.

0.125 x 100 = 12.5 %

Feel free to ask for more if needed or if you did not understand something.  


Related Questions

The lower risk you are as a borrower,
A) the better the terms of your loan will be.
B) the higher the interest rate you will be charged
C) the longer you can take to pay off the loan.
D) the less likely you are to get a loan.

Answers

C? i think it would be that

______can be computed based on hard data or expert judgment and relevant
experience.

Incentives

Workforce allocation

Performance indicators

Durations

Answers

workforce allocation

Consider the following set of numbers:
{1, 2, 3, 4, 5, 6, 7, 8, 9, 10)
What is the probability of drawing an even number or a
multiple of 3?


25​

Answers

Answer:

7/10

Explanation:

Given the following set of numbers:  {1, 2, 3, 4, 5, 6, 7, 8, 9, 10}

There are 5 even outcomes: {2, 4, 6, 8, 10}

There are 3 multiples of 3: {3, 6, 9}.

Combining these lists we get 7 desired outcomes: {2, 3, 4, 6, 8, 9, 10}

Therefore, the probability of drawing an even number or a  multiple of 3 is: (desired outcomes)/(total outcomes) = 7/10


A______is a breakdown of a project into its various component parts with the
activities that must be performed for each component.

Work Breakdown Structure

Critical Path

Peak Performance Model

Scheduling Process

Answers

Answer:

work breakdown structure

In what way did Jesus go beyond the commandments in his teaching? Name one of the commandments and explain how Jesus is asking for more.

Answers

Answer:

1. Loving God above all things: Jesus just not teaching with words, but with his actions too, when he was in the desert 40 days and 40 nights without food or water, the devil tempts him for he kneels in front of the devil, I consider that was a big trial that no many humans can do, but he, strong and decided in his faith, doesn't kneel in front of the devil, demonstrating that the love to God is above the hungry, thirsty or another need of the human body (God above all things).

Explanation:

There are many examples that could show you how Jesus was the perfect human, but in this case, I select the trial in the desert, because was when Jesus directly fight with the devil, showing us that despite the needs form the human body, a person can overcome the difficulties and being a good example of a servant of God.

What is the most important reason financial information is provided by the major regulatory agencies to investors, depositors, and creditors of banks and financial institutions?

a-so they can regulate the banking industry
b-to manage business operations at the bank
c-to manage financial resources
d-to make informed decisions about banks and their financial condition

Answers

Answer:

d. to make informed decisions about Banks and their financial condition.

Explanation:

Financial regulatory agencies are saddled with the responsibility of providing financial supervision and regulations to Banks and financial institutions. They also maintain integrity in the financial system inorder to boost the confidence of investors, creditors, depositors and the general public.

However, one of the major reasons why financial information is provided by the regulatory agencies to investor, creditors and depositors is to make informed decisions about Banks and their financial conditions.

This means that various groups that have interest in Banks and financial institution are kept abreast of happenings in the financial sector of the economy and are able to know which bank and financial institution is healthy in terms of finances and to know where to invest subsequently.

which of the following would be a result of less m1 money in the economy?

A. the amount of money printed goes up
B. the unemployment rate will become zero
C. the value of money drops as well as prices
D. the economy is strengthened

Answers

I think the Awser is maybe d BUT NOT SURE!:)

Answer:

C

Explanation:

just took the test

What is customer service and why is it important?

Answers

Answer:

is the fact of taking care of the customer's needs by providing and delivering professional, helpful, high quality service and assistance before, during, and after the customer's requirements are met

Increase the amount of money each customer spends with your business. Increase how often a customer buys from you.

Explanation:

it’s a system where customers can receive help from staff. it’s so important because they can direct customers, and help them in many ways.
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