Luke invested $110 at 3% simple interest for a period of 6 years. how much will his investment be worth after 6 years?
a) $132.80
b) $133.80
c) $127.80
d) $129.80
e) $126.80
f) none of the above.
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Ответ:
investment after 6 years = $129.80
Explanation:
given data
invested = $110
simple interest = 3%
period = 6 years
to find out
How much will his investment be worth after 6 years
solution
first we get here interest that is express as
interest = invested amount × rate × time 1
interest = $110 × 3% × 6
interest = $19.8
and
investment after 6 years = invested amount + interest 2
investment after 6 years = $110 + $19.8
investment after 6 years = $129.80
Ответ:
thank you thank you thank you