Welcome :: Homework Help and Answers :: Mathskey.com

Recent Visits

Q&A
Unanswered
Categories
Users
Ask a Question

Welcome to Mathskey.com Question & Answers Community. Ask any math/science homework question and receive answers from other members of the community.

Q&A Categories
BASIC MATH (93)
PRE-ALGEBRA (441)
ALGEBRA 1 (2,216)
GEOMETRY (864)
ALGEBRA 2 (2,745)
TRIGONOMETRY (1,186)
PRECALCULUS (1,903)
CALCULUS (2,791)
STATISTICS (129)
PHYSICS (658)
CHEMISTRY (136)
MECHANICAL ENGINEERING (64)
ELECTRICAL ENGINEERING (207)
Winplot Tutorials (2)

Most popular tags

solving-equations system-of-equations functions math slope-intercept-form physics homework-help trigonometric-identities integration substitution-method limits calculus

13,435 questions

17,804 answers

1,438 comments

777,409 users

what is p when I=$440, and R=5%, and T=7 years

0 votes

what is p when I=$440, and R=5%, and T=7 years.

word-problem

asked Mar 11, 2014 in PRE-ALGEBRA by harvy0496 Apprentice

Share this question

Google+ Facebook Twitter LinkedIn Reddit

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

+1 vote

Remember the formula I = PTR/100

I = $ 440 , R = 5% , T = 7 years

Substitute the given values in simple interest formula.

440 = P(7)(5)/100

440 = 35P/100

Multiply each side by 100/35.

P = 440(100/35)

P = 12.57(100)

P = 1257 $

answered Mar 11, 2014 by ashokavf Scholar

Please log in or register to add a comment.

Related questions

Determining the amount of money P that should be invested at rate r to produce a balance of $100,000 in t years.

asked Feb 2, 2015 in CALCULUS by anonymous

compound-interest

Complete the table by determining the balance A for P dollars invested at rate r for t years

asked Feb 2, 2015 in CALCULUS by anonymous

compound-interest

Complete the table to determine the balance A for P dollars invested at rate r for t years

asked Jan 27, 2015 in TRIGONOMETRY by anonymous

compound-interest

r varies directly as s and t. one set of values is r=28,s=7, t=8. find r when s=12 and t=9

asked Nov 27, 2013 in ALGEBRA 2 by dkinz Apprentice

direct-variation

If she starts at $43,000 per year, what will her salary be in 5 years?

asked Aug 19, 2014 in ALGEBRA 1 by anonymous

word-problem

the ratio of of barbie's to rob's is 3:2 respectively. If bob is 12 years of age how old is barbie?

asked Mar 11, 2014 in BASIC MATH by skylar Apprentice

word-problem

Complete the table to determine the balance A for $12,000 invested at rate r for t years, compounded continuously.

asked Jan 27, 2015 in TRIGONOMETRY by anonymous

compound-interest

what is the magnitude of the retarding force between the water and the skis?

asked Nov 18, 2017 in PHYSICS by Vansexy Rookie

word-problem
#physics
homework-help
general-solution

Brenda and her family were driving to her grandmother’s house during a holiday.

asked Oct 13, 2014 in PRE-ALGEBRA by nelly4 Rookie

word-problem

When 2x²-12x+13 is written in the form 2(x+q)²+r, what are the values q and r?

asked Feb 12, 2014 in ALGEBRA 2 by homeworkhelp Mentor

quadratic-equation

if r varies as directly as w and the constant of variation is 12 what is the value of w when r = 42

asked Nov 27, 2013 in ALGEBRA 2 by chrisgirl Apprentice

direct-variation

Plot the points P(7,10) and Q(-5,0) and R(2,-3) on a grid. Label all your axes and points on the graph.?

asked Feb 9, 2015 in CALCULUS by anonymous

parallel-equation
plot-the-points

Triangle PQR has vertices P(0,4)Q (8, -2) and R (7, -5).

asked Aug 26, 2014 in GEOMETRY by anonymous

perpendicular-bisectors

how do i solve 4+| R+2 |=7 ?

asked Feb 26, 2014 in PRE-ALGEBRA by abstain12 Apprentice

absolute-value
solving-equations

Which is the correct answer and please explain how you solved it, thank you.

asked Mar 11, 2014 in ALGEBRA 2 by harvy0496 Apprentice

solving-equations
word-problem

by how much? is the sum of 1926 and 1328 more than the difference of the numbers

asked Nov 26, 2013 in ALGEBRA 1 by mathgirl Apprentice

sum-difference
word-problem

please help!

asked Mar 13, 2014 in PRE-ALGEBRA by payton Apprentice

solving-linear-equations
word-problem

How do you solve this?

asked Feb 10, 2014 in PRE-ALGEBRA by skylar Apprentice

word-problem

list all the fractions that are equivalent to 1/2

asked Nov 15, 2013 in PRE-ALGEBRA by chrisgirl Apprentice

equivalent-fractions
word-problem

Pre-algebra problem? 10 points? help?

asked Nov 13, 2013 in PRE-ALGEBRA by mathgirl Apprentice

pre-algebra
word-problem

Copyright © 2024 MATHSKEY. All Rights Reserved. Sitemap|Terms Of Use|Disclaimer|Contact Us|FAQ

...