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How much must Harry's Hardware deposit be at 12.5 percent interest for 120 days in order to earn 600.00 interest?

Updated: 12/18/2022

Wiki User

∙ 11y ago

Best Answer

$18,200

I = Prt

I = $600; P = ?; r = 0.125; t = 120/365

600 = Px0.125x120/365 = 15P/365 = 3P/91 <=> 600*91 = 3P <=> 54600/3 = P; P=18,200

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∙ 11y ago

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Q: How much must Harry's Hardware deposit be at 12.5 percent interest for 120 days in order to earn 600.00 interest?

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In a cross country race d km in length Marks average speed was 5m per s and Harrys average speed was 6m per s Harry finished 4 minutes ahead of Mark What was the length of the race?

s = d/t, where s is speed, d is distance, and t is time.This can be rearranged to t = d/sThe time it took Mark to finish was d/5The time it took Harry to finish was d/6Harry finished 4*60 seconds (the time was given in minutes) ahead of mark, so:d/5 = d/6 + 4*60(THarry = TMark + 240 seconds)d/5 = d/6 + 240d/5 - d/6 = 2406d/30 - 5d/30 = 240d/30 = 240d = 240*3d = 7,200 meters

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How much must Harry's Hardware deposit be at 12.5 percent interest for 120 days in order to earn 600.00 interest?

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