SOLUTION: Samantha invests $8,000 at 8% simple interest for 8 year. How much is in the account at the end of the 8 years period?
Algebra.Com
Question 1155787: Samantha invests $8,000 at 8% simple interest for 8 year. How much is in the account at the end of the 8 years period?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
Simple interest = p * r * n
p=8000, r=8%m n = 8 years
SI= 8000*0.08*8
=5120
Total amount = 8000+5120
RELATED QUESTIONS
Kristina invests $19,000 at 8% simple interest for 1 year. How much is in the account at... (answered by oscargut)
maria invest 9,000 at 8% simple interest for one year. how much is in the account at the... (answered by fractalier)
Samantha invests $15,000 at 7% simple interest for 43 years.
Round your answers to the... (answered by mananth)
Monica invests $14,000 at 4% simple interest for 33 years. How much is in the account at... (answered by jhunjiro)
Kristina invests $15,000 at 7% simple interest for 1 year. How much is in the account at... (answered by rfer)
James invests $12,000 at 9% simple interest for 1 year. How much is in the account at the (answered by rfer)
Dilbert invests $9,000 at 12% simple interest for 1 year. How much is in the account at... (answered by Abdirahman2650)
Fatima invests $14,000 at 3% simple interest for 1 year. How much is in the account at... (answered by stanbon)
Rosa invests $17,000 at 4% simple interest for 41 years.
Round your answers to the... (answered by jhunjiro)