Question

In what time will $400 amount to $512 if the simple interest is calculated at 14% p.a.

Name: in what time will 400 amount to 512 if the simple interest is calculated at 14 pa 26199
Uploaded: 2022-06-14T18:45:35-08:00
Duration: 3 min 32 s
Channel: Anas Venkitta
Description: in what time will 400 amount to 512 if the simple interest is calculated at 14 pa 26199

          In what time will $400 amount to $512 if the simple interest is calculated at 14% p.a.

Added by Mark B.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Anas Venkitta

06/14/2022

Step 1

Step 1: Understand the formula for calculating simple interest, which is $I = P \times r \times t$, where $I$ is the interest earned, $P$ is the principal amount (initial investment), $r$ is the annual interest rate (in decimal form), and $t$ is the time Show more…

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