Question

The amount of money that must be invested at the annual rate of 12% to earn $18,000 per year is:

a.$1,500,000
b.$150,000
c.$15,000
d.$1,500

Answer 1

\[ \large P\cdot12\%=18000 \]

Answer 2

..i dont get it

Answer 3

for every dollar u earn 12% (12cents) so if you deposit P dollar your earn
\[ \large P\cdot12\%=P\cdot\frac{12}{100} \]

Answer 4

but then what do i do

Answer 5

solve for P
\[ \large P\cdot12\%=18000 \]

Answer 6

so i multiply both sides by 12/100?

Answer 7

solve for P
\[ \large P\cdot\frac{12}{100}=18000 \]

Answer 8

ok

Answer 9

multiply by 100/12

Answer 10

thanks

Answer 11

u r welcome

Answer 12

so...the answer is b.$150,000 right

Answer 13

yes

Answer 14

ok thanks alot

Answer 15

u r welcome