A specific type of financial instrument pays 15% simple interest (based on the purchase value) and lasts for 1.5 years. The instrument can be bought at any price. An investor purchases the instrument for P0, and has calculated that the total value of the investment (i. e. P0 plus interest earned) will be $4,000 at maturity.

Correct answers:

$3265$

For this, we can use the formula

A=P0(1+rt).

We know that A=$4,000,r=15%=0.15 and t=1.5, so we can rearrange the formula for A to give

P0=A1+rt,

and substituting the known quantities gives

P0=$4,0001+0.15×1.5=$4,0001.225=$3,265.30..,

which is $3,265 to the nearest dollar.

Step-by-step explanation:

the answer is 13 cm

step-by-step explanation:

i'm pretty sure it would take 20 hours because it's half the men so you multiply the number of hours it takes by 2