Ask Question
MathematicsMathematics
15 May, 02:40

Investment of 3000 at 5% simple intestest for 20 years

+5
Answers (1)
  1. 15 May, 02:41
    0
    The formula for simple interest is I=prt. Where I is the interest, p is the principle (investment), r is the rate, and t is the time. Plugging in the numbers you know, you get I = (3000) (0.05) (20). Simplifying, you get I=3000. This is the interest that you get. To get the total money you have, add that to the original amount (investment) to get $6000.

    Interest: $3000

    Total: $6000

    Don't forget to follow me and vote brainliest!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Investment of 3000 at 5% simple intestest for 20 years ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which sequence is generated by the function f (n + 1) = f (n) - 2 for f (1) = 10? *-10, - 12, - 14, - 16, - 18, ... *-2, 8, 18, 28, 38, ... *8, 18, 28, 38, 48, ... *10, 8, 6, 4, 2, ...
Answers (2)
Y=12x+45 plot the bfl On a graph
Answers (1)
Find the mean of the data. 4,5,7, 14, 17, 12, 18 The mean is
Answers (1)
train a takes 35 minutes to travel its route. train b traveling the same route but making more stops, takes 47 minutes. What is the ratio of the time of Train A to Train B
Answers (1)
Ice, as long as it stays in its frozen form, will not lose its shape or its volume. Why?
Answers (2)
New Questions in Mathematics
What is 2 square roots between 9and 10?
Answers (2)
An office supply store sells pencils individually or by the case. Pencils purchased individually cost $0.97 each. One case of forty pencils costs $37.20. You have an annual budget of $95.00 for pencils. Without exceeding the annual budget of $95.
Answers (1)
Suppose you were a carpenter. Give the lenght, width, and height of a storage cabinet with a volume of 72 cubic feet that you would build. Explain your choice.
Answers (2)
Jade is making a square birthday card and she's going to put a ribbon borders on each of the 4 equal sides piece of ribbon that is 33 inches long do you have all of the ribbon how many inches of ribbon conget put on all equals side
Answers (1)
Suppose that textbook weights are normally distributed. You measure 28 textbooks' weights, and find they have a mean weight of 76 ounces. Assume the population standard deviation is 12.3 ounces.
Answers (1)
Home » Mathematics » Investment of 3000 at 5% simple intestest for 20 years
Sign Up Forgot Password?