Question:1. Calculate the future value of an investment worth $2800
that pays 1.5% simple interest rate...
Question
1. Calculate the future value of an investment worth $2800
that pays 1.5% simple interest rate...
1. Calculate the future value of an investment worth $2800
that pays 1.5% simple interest rate after 4 years.
2. Derek invested $1000. What would that money grow to in 18
months at a 5% annual simple interest rate?
3. If I put $2500 into my saving account and earned $250 of
interest at 5% annual simple interest, how long was my money in the
bank?
4. Geneva wants to save $12,000 to buy a new car. She just
received an $10,000 bonus and plans to invest it in an account
earning 8% annual simple interest. How long will she need to leave
her money in the account to accumulate the $12,000 she needs?