SOLUTION: You invest $5,800 over a period of 30 months at 5 1/4% simple interest. What is the total value of your investment at the end of the 30 month period?
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Question 595483: You invest $5,800 over a period of 30 months at 5 1/4% simple interest. What is the total value of your investment at the end of the 30 month period?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=5800*0.0525*2.5
I=761.25
----
5800+761.25=$6,561.25
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