Investment of $100 at 15% simple interest for 15 years

Question

asked Mar 25, 2018 222k views

1 Answer

Kirkaracha · Answer 1 · 2018-03-28T21:32:07+0000

The simple interest formula is A = P(1+rt) where P is your principal, or your initial amount, r is your rate and t is your time. Substitute the knowns into the equation.We get:

A = 100(1+0.15*15) = 325

Hopes this helps!

Investment of $100 at 15% simple interest for 15 years

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions