Register
Agnes has $1,000 and she wants to have $1,100 accrued after 5 years. what rate does she need to have to meet her goal?
193k views
25 votes
Agnes has $1,000 and she wants to have $1,100 accrued after 5 years. what rate does she need to have to meet her goal?

User Destiny
by
5.2k points

1 Answer

11 votes

Answer:

the formula to use is R = 100I/ PT

Explanation:

R = rate, I = interest = $1100, P = $ 1000, T= 5years

User Sstur
by
4.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
how long Will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded quarterly assume that no withdrawals are made
Need answer to math problem!!!​
Which property is shown in the problem below? -8(x-3y-9) = -8x+24y+72 A the associative property B the commutative property C the distributive property D the division property ASAP
Link Copied!