Webb13 sep. 2024 · Rate interest of rate be r%, then According to the question [25000 × 1/4 × r × 2]/100 + ... fourth of the sum of Rs. 25,000 at a certain rate of simple interest and the rest at 4% p.a. higher rate. ... A man invests Rs. 1000 at 10% per annum for 5 years. Calculate the interest to be paid. Webb8 mars 2024 · Sarah invests £9600 at a simple interest rate of 8% per year work out the value of the investment after 3 years Advertisement Answer 1 person found it helpful …
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WebbThis means that you will not earn an interest on your interest. Your interest payments will be $5 per year no matter how many years the initial sum of money stays in a bank account. This calculator can be used to solve various types of simple interest problems. The calculator will print easy to understand step-by-step explanation. WebbThe investment grew at a simple interest rate and when Methuli's son was \(\text{18}\) years old, the value of the investment was \(\text{R}\,\text{11 131,24}\). At what rate was the money invested? Give the answer correct to one decimal place. ordination invocation
Sarah invests £9600 at a simple interest rate of 8% per year
Webb4 jan. 2024 · Simple interest If an amount P is borrowed for a time t at an interest rate of r per time period, then the simple interest is given by I = P ⋅ r ⋅ t The total amount A, also called the accumulated value or the future value, is given by A = P + I = P + Prt or A = P(1 + rt) where interest rate r is expressed in decimals. Discount and Proceeds Webb26 okt. 2024 · sarah invested £12000 in a unit trust 5 years ago, the value of the unit trust increased by 7% per annum for each of the last 3 years. before this the price had decreased by 3% per annum. calculate the current price of the unit trust asked by hayden October 26, 2024 20 answers what is 12000 (.97)^2 (1.07)^3 ? answered by Reiny October 26, 2024 Webb27 nov. 2024 · Show timer Statistics An investor placed a total of $6,400 in two accounts for one year. One of the accounts earned simple annual interest at a rate of 5 percent, and the other earned simple annual interest at a rate of 3 percent. The investor made no deposits or withdrawals from the accounts. how to turn off predictive text in edge