Q: What is the simple interest for a principal of 450 invested at a rate of 8 percent for 2 years?

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835.00, 860.05, 885.10, 910.15, 935.20,

Interest = Principal*Time*Rate = 950*4*3% = 950*4*3/100 = 114

Interest = (Principal x Time X Rate)/100 so in this case interest = (1000 x 3 x 9)/100 = 2700/100 = 27

300 :D

The total value of the deposit will be $1248.929 at the end of 5 years. The year wise ending balance would be:918991.441070.7551156.4161248.929 This is under the assumption that the interest of 8% is compounded annually.

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1282.5

42 x 8 x 3.5 ie 1176

Simple Interest

835.00, 860.05, 885.10, 910.15, 935.20,

Interest = Principal*Time*Rate = 950*4*3% = 950*4*3/100 = 114

3% for 4 years is equivalent to 12% of the principal, in this case 12 x 9.5 which is 114.

72

$494.34 Interest= principal amount * time* simple interest %

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.

Interest = (Principal x Time X Rate)/100 so in this case interest = (1000 x 3 x 9)/100 = 2700/100 = 27

I

300 :D