Annual simple interest
If $2000 is invested at 10% simple natural interest, how much should be invested at 12% annual simple interest so that the total yearly income for both investments is $5000?
If $2000 is invested at 10% simple natural interest, how much should be invested at 12% annual simple interest so that the total yearly income for both investments is $5000?
I've tries multiplying then multipling the days time years but come up with wrong answer
How do I find the variable "P" if the interest rate is 6% the time is 3 years and the simple interest is $2952?
i need to make sure i set this up correct nico is saving money for his college education, he invest some money at 6% and 1300 less than that amount at 5% the investment produced a total...
Micheal wants his $3,200 to grow to $4,500 in 3 years. He has a saving account paying simple interest on savings. What rate of interest would help him achieve his goal?I am confused as to what formula...
please help soon!
I dont get interrest questions
i understand how to do simple interest i just don't understand this question. how are you soppused to find the interest rate?