URGENT HELP NEEDED!!!!!
Find the simple interest earned at the end of 1 year. Show your calculations as best as possible (1 mark) correct answer (1mark) P = $1800 R = 5% T = 1 year
What is the total amount earned at the end of 3 years? P = $2600 R = 12% T = 3 years
1 point
$936
$3 536
$93 600
Both A and B
What principal would give an interest of $36 in 3 years at 3% p.a.? Show your calculations as best as possible (1 mark) correct answer (1mark)
In how many years will $600 double itself at 10% simple interest?
1 point
8 years and 4 months
8 years and 1/3
100 Months
All of the above
Both A and B
In what time will $400 amount to $512 if the simple interest is the calculated at 14% p.a.? Write your answer
Imagine you have a friend who doesn't quite understand what investing money into a bank means. Think of a financial situation and use the following words and numbers to help teach them. (principal $1200, interest earned, interest rate 4%, total amount, term, per anum). This is worth 8 marks.