Ask a New Question

Question

An amount of $12,000 is invested at a simple interest rate of 2.15% for 3 years. What is the total investment after 3 years?
3 years ago

Answers

oobleck
12000(1 + 0.0215*3) = ______
3 years ago

Related Questions

A fixed amount 15000 is invested in a tax-sheltered account at an annual rate of percent, compounde... A principal of $2500 is invested,part at 8% per annum and the rest at 12% per annum. In a year, the... 8.find the amount to be invested now at 6% compounded monthly so as to accumulate $8888 in three yea... Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the... A total of Rs.14,000 is invested for a year, part at 5% and the rest at 6%. If Rs.740 is the total i... An amount of k20.000 is invested for 5 years in a credit union which pays an annual untreated rate o... Suppose that $14,000 is invested in a savings account paying 5.2% interest per year. (a) Write the... 1. A sum of $15,000 was invested in three funds for 1 year. At the end of the year Fund A had earned... Suppose that $575.75 is invested in a savings account with an APR of 12% compounded monthly. What i... A principal of $4900 is invested at 8.75% interest, compounded annually. How much will the investmen...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use