$1326.91
$2275.28
1282.5
It was eight years.
463.72
20, assuming annual compound interest, 24 if simple interest.
$2275.28
1,820-apex test answer
s
Multiply the principal (P) by the annual* interest rate as a decimal (r) and the time in years* (t). *The time period may be expressed in months, etc. For example, $2000 invested at 7% simple interest for 5 years: I = Prt = 2000x0.07x5 = 140x5 = $700.
account and i just want points so yeh
account and i just want points so yeh
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
For simple interest you get $10 a year total in the account for 2 years $220.The answer is arrived at by multiplying $200x1.05x1.05 (for compound interest).$200x1.05x1.05= $220.50
2.15% Apex
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
3%
Hey maybe don’t show the question if there isn’t an answer!