Answer:Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
Step-by-step explanation:
The simple interest of a loan for $1,000 with 5 percent interest after 3 years is $ 150.
Answers & Comments
Answer:Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
Step-by-step explanation:
The simple interest of a loan for $1,000 with 5 percent interest after 3 years is $ 150.
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