SOLUTION: If I have 23,000 in a bank at .10 % instrest how much instrest would I have in 13 years
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: If I have 23,000 in a bank at .10 % instrest how much instrest would I have in 13 years
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 860611
:
If I have 23,000 in a bank at .10 % instrest how much instrest would I have in 13 years
Answer by
Kingsley(15)
(
Show Source
):
You can
put this solution on YOUR website!
Interes "I" =PRT/100.
Where P=principal money, R=rate of interest and T=time given
I= 23000*10*13/100
thus I= 29900