calculate the amount of simple interest earned. $1000 at 17% for 20 years
Added by Ronald W.
Step 1
In this case, the principal amount (P) is $1000, the rate of interest (R) is 17%, and the time period (T) is 20 years. Show more…
Show all steps
Close
Your feedback will help us improve your experience
Adi S and 78 other Calculus 3 educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Calculate the simple interest earned on a $\$ 1,000$ investment at $5 \%$ annual interest rate for 20 years.
Linear Equations and Inequalities
Introduction to Algebra
Calculate the simple interest earned. If 2,000 dollar is invested for 1 year at a rate of $5 \%$ how much simple interest is earned?
Percent
Interest
Recommended Textbooks
Calculus: Early Transcendentals
Thomas Calculus
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD