Ask a New Question

Question

Monico invests $7,000 at 7% simple interest for 9 year. How much is in the account at the end of the 9 years period?
6 years ago

Answers

DrBob222
i = Prt
i = 7,000 x 0.07 x 9
Then total = 7,000 + i = ?
6 years ago

Related Questions

Monico needs to mix a 40% ethanol solution with a 60% ethanol solution to create 100 millileters of... A man has Rs 50,000.He invests some part of it in one bank @ of 11 p.c.p.a. and the remaining money... A man invests Rs 3,20,000 for 2 years at 12.5% p.a. compounded annually. If the income tax at the... Tom invests $10,000 into two accounts, one paying 2% interest per year and the other paying 5% inter... A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly. What i... Someone who invests in a new business is a __________. A divertise Business plan Economics of one... Vance invests $15,000 in an account that pays 3 1/4% simple interest for 72 months. Assuming Vance... Person X invests R 150 at the end of each month with bank X who adds interest at 6% per annum, compo... business invests $10,000 in an account that earns 3.2% interest that is compounded quarterly. Wha... Benjamin invests \[\$400\] in a savings account that earns \[5\%\] interest each year. Which ex...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use