To calculate the total investment at the end of the term, we can use the formula for calculating simple interest:
Interest = Principal x Rate x Time
Interest = R8,000 x 5% x 2 years
Interest = R8,000 x 0.05 x 2
Interest = R8,000 x 0.10
Interest = R800
Total Investment at the end of the term = Principal + Interest
Total Investment = R8,000 + R800
Total Investment = R8,800
Therefore, Kevin will have R8,800 at the end of the two-year term.
Kevin invest R8 000 at Fianance Worth for period of two years at 5% simple interest per year . Calculate how much investment at the end of the term .
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