Question

heather invested 20,000 in an account that pay 6% simple interest if she invested the money for 10 years how much will she have

Answer 1

Interest will be 12000
so she will get 32000

Answer 2

for 10 yeasr?

Answer 3

Yes, the working is as follows
P x T x R 20,000 x 10 x 6 1200000
Simple interest = ---------- = --------------- = ---------- = 12000
100 100 100

Amount = P + SI = 20000 + 12000 = 32000

Clear now ???

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