An investment of $500 earns interest at an annual interest rate of 13%. The equation for this investment is B = 500 (1.13) t, where B represents the balance and t is the number of years. Write an equivalent equation that displays the effective monthly interest rate.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An investment of $500 earns interest at an annual interest rate of 13%. The equation for this investment is B = 500 (1.13) t, where B ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
12 is what percentage of 14
Answers (1)
What is 136 percent turned into a fraction
Answers (1)
Write a system of linear equations that has the order pair as its solution (-6,-2)
Answers (1)
He local high school track team practices on an oval running track. One lap of the track is 1/4 of a mile. - Write an expression that represents the total distance run based on the number of laps, p, completed.
Answers (1)
Fifty-five percent of what number is 19.25
Answers (1)
New Questions in Mathematics
What is the equation of a line in slope-intercept form with a slope of - 3/4 and a y-intercept of - 2
Answers (1)
What is y=-2x+1 y=-x^2+4
Answers (1)
Leigh will use 16 connecting cubes to make a model of a playground. The model will be in the shape of a rectangle and will have a height of one cube. In how many different ways can Leigh make the model of the playground?
Answers (1)
The ratio of chocolate cones to vanilla cones sold at an ice cream shop is 5:4. If 54 cones were sold, how many were chocolate?
Answers (1)
62dividw 7 what remains number
Answers (1)