Solution
James invests 15, 000 at 10% simple interest for 3 years. How much interest did James earn over the 3 years?
Solution
Solution steps
Translate the problem into an equation:
Simplify
Popular Examples
what sum would accumulate to \5,250 in 8 years at 9% simple interesthow long will an amount of Php 20000 earn a simple interest of Php 3000 if the interest rate is 6% per yearPamela invested ₱20,000 at 8% simple interest for 10 years. How much is the interest earned by Pamela in 10 years?Jeff takes out a \dollar1,200 loan for five years with an interest rate of 8%. How much interest will be due at the end of five years?if linda paid php 980 in interest at 0.14 for 2 years how much did she borrowed