Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Mathematics
If N$20,000 has been invested for the last 3 years at 6% per annum simple interest, what is the total amount invested to-date and the amount of interest that the investment has earned?
1 answer
i = Prt
now plug in your numbers
You can
ask a new question
or
answer this question
.
Similar Questions
1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will
Top answer:
Interest = Principal * Rate * Time
Read more.
If an amount of Rs 10,000/- is invested at a simple interest of 12% per annum, how much it will become at the end of 5 years ?
Top answer:
simple: 10000(1+.12*5) compound: 10000(1+.10)^5 evaluate and compare.
Read more.
8.Mary invested RM3000 in two accounts, some at 12% per annum and the rest at 8 percent per annum.Her total interest for one
Top answer:
8. amount invested at 12% -- x amount invested at 8% --- 3000-x .12x + .08(3000-x) = 3200 times 100
Read more.
Umar invested RM50,000 in a bank with simple interest rate is 15% per annum, find the number of years required if Umar wants the
Top answer:
To find the number of years required, we can use the formula for simple interest: Interest =
Read more.
How much of the principal invested if the investment will be worth RM20,000 in five years at a simple interest rate of 5% per
Top answer:
P = Po+Po*r*T = 20,000 Po+Po*0.05*60 = 20,000 Po+3Po = 20,000 Po =
Read more.
When investing money that is compounded annually, which option will earn the most interest?
A interest rate of 8.00% per annum,
Top answer:
To determine which option will earn the most interest, we need to calculate the compounded amount
Read more.
the formula A=(1 + RT/100) gives the total money A, that a principal P amount to T years at R% simple interest per annum. Find
Top answer:
A = P(1 + RT/100)
Read more.
mr. mike invested two sums of money on simple interest. the fist was $2200 invested at 8% per annum and the second $1960 at 10%
Top answer:
You want x, where 2200(1+.08x) = 1960(1+.10x)
Read more.
Mary invested $30,000 in two accounts some at 12% per annum and the rest at 8% per annum. Her total interest for one years was $
Top answer:
well, of course they have two answers. They wanted to know the amount invested at each of two
Read more.
Ethan invested £500 in the bank for 2 years.
He earned £40 simple interest in total. What was the simple interest rate per
Top answer:
1/2 * 40/500 = 0.04 = 4%
Read more.
Related Questions
Mrs jasmine Invested $4000 in a building society which paid simple interest at a rate of 7.25% per annum to its investors. After
Q1)The length of time for $5000 to earn $1000 if invested at 10% per annum
AND Q2)Khalid invests $6750 at 8.5% per annum.How much
Ammar borrows RM5,000 at 8% simple interest per annum on 20 September 2015. if she charged RM124.44 simple interest, find the
A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of
Umar invested RM50,000 in a bank with simple interest rate is 15% per annum, find the number of years required if Umar wants the
An investor receives a total of Rs.5,700 per annum in interest from 3 stocks yielding 4%, 5% and 8% per annum respectively. The
A woman invested some money at 8% and some at 9% annual simple interest. The interest for 1 year on the combined investment of
A person borrowed Rs.20,000 from a bank at a simple interest rate of 12 percent per annum. In how many
years will he owe interest
Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00.
a. $2,000.00 at
The simple interest, in dollars, on $1600 invested at 9½% per annum for three years is