Question

Joshua wants to have $1,000 in 8 years. He has $750 that he can use for his initial deposit. What simple annual interest rate would he need in order to have the amount that he wants to have in 8 years? Round your answer to the nearest hundredth of a percent. (3 points)

Answer 1

@igreen

Answer 2

what do u think?

Answer 3

He has $750 and he needs to end up with $1000.
How much interest must he earn?

Answer 4

$125?

Answer 5

$750 + $125 = $875, not $1000, so he needs to earn more than only $125 in interest.
What is $1000 - 750 = ?

Answer 6

925

Answer 7

18 is what percent of 40?

Answer 8

@iGreen

Answer 9

just multiply .18 x 40

Answer 10

thank you I have a few other questions too

Answer 11

45 is 15% of what number

Answer 12

same way to work it out. .15 x45

Answer 13

16% of what number is 20

Answer 14

Those two percentage answers are incorrect.

Answer 15

well I dont think that 18 is what percent of 40 is 720%

Answer 16

@mjperez18
Are you really interested in solving these problems correctly?
If so, why don't we work on the first one until we get it right, then we can move on.

Answer 17

yes I am I was talking to the other person in this question I am failing math and I need good grades in order to transfer schools so yes I care

Answer 18

Great. Let's work on the first problem together until we get it done.
Then we'll go to the next one.
Can you please start a new post with just the first problem. I'll go there and will help you get it right.

Answer 19

yes

Answer 20

ok