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Investment of 1000 at 16% simple interest for 20years

Investment of 1000 at 16% simple interest for 20years
asked 29.6k views
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Investment of 1000 at 16% simple interest for 20years

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User Greg Charles
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1 Answer

2 votes
the answer is 3200.

I=Prt
p ( 16%) x r ( 1000) x t ( 20) = 3200.

hopefully my answer helped you :)

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User Jiffyclub
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