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Popolare Word Problems >

Determine the simple interest earned on 20,500after 17 years if the APR is 16%.

Soluzione

De t er min e t h e s im pl e in t eres t e a r n e d o n 20, 500 a f t er 17 ye a rs i f t h e A PR i s 16%.

Soluzione

Interest : 55760

Fasi della soluzione

Translate the problem into an equation:

I = 20500 \cdot 0.16 \cdot 17

Semplificare

I = 20500 \cdot 0.16 \cdot 17

Interest : 55760

Esempi popolari

Find the future value and interest earned if 8904.56 is invested for 8 years at 6% compounded continuously.7 less than twice a number is 17 6 times a number.or use a number lin: 12\div 1/2 =I think of a number and add 1/5 of it to 1/2 of it. The number is 14. Determine the number I thought of.