Calculate the following interest : 15% of $70 for 7 years

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asked May 5, 2022 134k views

1 Answer

Vassilis Barzokas · Answer 1 · 2022-05-09T08:52:35+0000

After investing for 7 years at 15% interest, your $70 investment will have grown to $186.20

explanation:
You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.

Calculate the following interest : 15% of $70 for 7 years

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