Calculate the amount to which $30 000 will grow in 4 years if it is invested at 5.6% p.a a) simple interest

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asked May 4, 2022 156k views

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PeterCo · Answer 1 · 2022-05-09T23:55:42+0000

Answer:

simple interest=PRT÷100 where P is the amount invested and R is the rate of growth and T is the time taken. so simple interest=(30000×5.6%×4)÷100=$6720

Calculate the amount to which $30 000 will grow in 4 years if it is invested at 5.6% p.a a) simple interest

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