Question

URGENT HELP NEEDED IN FINANCE

Answer 1

finance?

Answer 2

Yes

Answer 3

whats the problem

Answer 4

determine the interest earned and the final value of the investment if $500 is invested at 12% per annum simple interest for 6 years

Answer 5

i dont know how to calculate interest earned and the final value of the investment

Answer 6

DO YOU KNOW THE FORMULAR FOR simple interest?

Answer 7

yes i know how to calculate the simple interest paid

Answer 8

bt not sure abt earned and final

Answer 9

ok thank u, i figured it out

Answer 10

interest earned is the final interest after three years.
the final value is the total of interest + the initial investment

Answer 11

yes i figures it out, thanks anyway