Sorry I really don't know.
Kate invested 4500.
Rate of interest.
Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70
$2400
I
T = 3yrs
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%?
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
7% of 3,000 for 6 month
Kate invested 4500.
It was eight years.
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.
an investmntment of 4000 is made at an annual simple interest rate of 8%. How much additional money must be invested at 12% so that the total interest earned is 1640?
$210.00
$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10
You invested $15,000 in two accounts paying 6% and 8% annual interest, respectively.