Ask a New Question

What is the amount after 1 year on $315 invested at 7%, if interest is simple interest?

Multiply $315 by .07 to find the interest earned. Add this figure to $315 to find the total at the end of one year.

Ask a New Question or answer this question.

Similar Questions

A person invests $7,500 part at 5% and the remainder at 4% simple interest. If the total interest at the end of the first year
1. 0 answers
A sum of $7260 is invested at 11 1/4 % simple interest for one year. The amount, in dollars, that must be invested at 7 1/2%
1. 3 answers
1) What is the final amount when $3000 is invested at 3% per year simple interest for? Show all steps.The formula is A=P(1+rt)
1. 3 answers
When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest,
1. 3 answers

more similar questions