donttrip10
05.09.2019 •
Business
An investment of d dollars at k percent simple annual interest yields $600 interest over a 2-year period. in terms of d, what dollar amount invested at the same rate will yield $2,400 interest over a 3-year period?
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Ответ:
so amount is 8d / 3 or 2.667 d
Explanation:
given data
invest amount = $d
rate r = k%
interest = $600
time t = 2 year
to find out
amount invested with interest #2400 for 3 year
solution
we will apply here interest formula that is
interest = principal × rate × time / 100 1
put here value we get 2 equation
600 = ( d × k × 2 ) / 100 a
dk = 30000 2
and for 2400 interest for 3 year
2400 = ( amount × k × 3 ) / 100 b
amount × k = 80000 3
so from equation 2 and 3
amount × (3000/d) = 80000
amount = 8d / 3
so amount is 8d / 3
Ответ: