Question

Cuanto es 30%de 1000 en 2 años

Answer 1

we know that

The simple interest formula is equal to

`A=P(1+rt)`

`A=P\mleft(1+rt\mright)`

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

in this problem we have

P=$1,000

r=30%=30/100=0.30

t=2 years

substitute

`\begin{gathered} A=1,000\mleft(1+0.3\cdot2\mright) \\ A=\$1,600 \end{gathered}`

the interest is equal to

I=A-P

I=1,600-1,000=$600

therefore

The total interest is $600