Question

How much will you have from your investment after 3 yrs

Answer 1

$2800

Step-by-step explanation:

The formula for simple interest is

`A=P(1+rt)`

where

P = principle amount

r = interest rate /100

t = time period

Now, in our case

P = 2500

r = 4/100

t = 3years

Putting in the above value in the formula gives

`A=2500(1+(4)/(100)*3)`
`A=\$2800`

which is our answer!

Hence, after 3 years you will have 2800 from your investment.