How much must josh Invest 4 years for his money to each 45000 is his interest Rate is 7.5% per year? you must show your solution.​

Step-by-step:To solve for how much Josh must invest (principal) to reach ₱45,000 in 4 years with an interest rate of 7.5% per year, we can use the formula for Simple Interest: A = P (1 + rt)Where:A = Total amount after interest (₱45,000)= Principal (initial investment, which we're solving for) = Interest rate per year (7.5% or 0.075)= Time in years (4 years) Now, substitute the given values into the formula:45,000 = (1 + 0.075 × 4)First, simplify the expression inside the parentheses: 45,000=P(1+0.30) 45,000=P(1.30)Now, solve for (Principal) by dividing both sides by 1.30:P = 45,000 ÷ 1.30 P = 34,615.38Answer:So, Josh must invest ₱34,615.38 to have ₱45,000 after 4 years at an interest rate of 7.5% per year.

Answered by jhayranegra | 2024-09-10