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An amount of 8,000 is invested at a simple intrest rate of 1.5% what is the total amount after 3 years

An amount of 8,000 is invested at a simple intrest rate of 1.5% what is the total amount after 3 years
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an amount of 8,000 is invested at a simple intrest rate of 1.5% what is the total amount after 3 years

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User Jeremy Stanley
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1 Answer

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Simple interest formula:
P(I x t).
8000(0.015 x 3)
8000((0.045) = 360
8000 + 360 = 8360
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User Xxxbence
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7.7k points
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