$2400
I
70 x 8 x 3/4 ie 420
It is 80 currency units.
Kate invested 4500.
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
320
350*0.025*5 = 43.75
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
It will be 160.
No. I is as described for the stated period.
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
To calculate the interest earned on an investment of $2000 at an interest rate of 3% over 2 years, you can use the formula for simple interest: Interest = Principal x Rate x Time. In this case, it would be $2000 x 0.03 x 2 = $120. Therefore, the total interest earned in 2 years is $120.
To calculate simple interest, you use the formula: Interest = Principal × Rate × Time. For a principal of $200, an interest rate of 4% (or 0.04), and a time period of 1 year, the calculation would be: $200 × 0.04 × 1 = $8. Therefore, the simple interest earned in one year is $8.
2.25 percent apex