document.write( "Question 1208638: If you invest R6000 for 5months at 7%p.a. How much interest will you earn? \n" ); document.write( "

Algebra.Com's Answer #847018 by ikleyn(52908) $\"\"$ $\"About$

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\n" ); document.write( "If you invest R6000 for 5 months at 7%p.a. How much interest will you earn?
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document.write( "From the context, the account is a simple interest.\r\n" );
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document.write( "Use the formula for the simple interest \r\n" );
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document.write( "    I = A*r*t,\r\n" );
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document.write( "where A is the initial deposit; r is the annual rate as the decimal value; t is the time in years.\r\n" );
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document.write( "So,\r\n" );
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document.write( "    I =  =  =  = 5*7*5 = 175.\r\n" );
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document.write( "ANSWER.  The interest is R175.\r\n" );
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\n" ); document.write( "\n" ); document.write( "To see many other similar (and different) solved problems on simple interest accounts, look into the lesson\r
\n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r
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\n" ); document.write( "\n" ); document.write( "Learn the subject from there.\r
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