SOLUTION: How much simple interest will be earned by an account if 1,000 is invested at 8% annual interest __over__ 2 years
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Question 330000: How much simple interest will be earned by an account if 1,000 is invested at 8% annual interest __over__ 2 years
Answer by aseem(9) (Show Source): You can put this solution on YOUR website!
Let Principal=1000
Rate=8%
Time=2 years
S.I.=?
S.I.=P*R*T/100
1000*8*2/100
by solving this you get your answer and your answer is=160 answer
160 is your principal
to find amount=principal+simple interest
a=160+1000
1160. answer
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