Question

you invested R150000 at a simple interest of 6.5%.if you want R8000 from the investment in the shortest posible time, determine for how many days you would invest the money for 280days?

Answer 1

when is 300 days?
and 320 days?

Answer 2

150,000 at 6.5% per year?

Answer 3

150000*(1.065*365/d)=total on given day. subtract the 150,000 and you have interest earned.

Answer 4

Totordiffeq can you please give me the answer

Answer 5

i still have the equation wrong. at the end of one year, it is 159750.

Answer 6

ok. its 150000*d*.065/365=8000

Answer 7

299.5 days is when you get the 8000

Answer 8

so 8000 at 300 days

Answer 9

7479.45 after 280
8000 after 300
8547.95 after 320