SOLUTION: Joseph invests R3600 at a simple interest rate of 6% per year.How much will this amounts to in 6 years and 5 years?
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Question 1074460: Joseph invests R3600 at a simple interest rate of 6% per year.How much will this amounts to in 6 years and 5 years?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
Amount after five years = 3600 + 5(3600 x 0.06) = 5 year answer
Replace the 5 with 6 to calculate 6 years.
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