350*0.025*5 = 43.75
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
2.25 percent apex
7% of 3,000 for 6 month
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
$2400
320
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%?
3000
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
I
No. I is as described for the stated period.
It will be 160.
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
2.25 percent apex
70 x 8 x 3/4 ie 420
It is 80 currency units.