SOLUTION: how much simple interest will rs1000 earn in 21 months at the annual rate of 8%?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: how much simple interest will rs1000 earn in 21 months at the annual rate of 8%?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 880741: how much simple interest will rs1000 earn in 21 months at the annual rate of 8%?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=1000*0.08*21/12
I=140