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Populaire Word Problems >

Find the simple interest when 100 is invested at 9% for 2 years

Solution

F in d t h e s im pl e in t eres t w h e n 100 i s in v es t e d a t 9% f or 2 ye a rs

Solution

Interest : 18

étapes des solutions

Translate the problem into an equation:

I = 100 \cdot 0.09 \cdot 2

Simplifier

I = 100 \cdot 0.09 \cdot 2

Interest : 18

Exemples populaires

Nathaniel is going to invest in an account paying an interest rate of 3.1% compounded quarterly. How much would Nathaniel need to invest, to the nearest ten dollars, for the value of the account to reach 5,700 in 17 years?solve the quotient of a number and-1.5 is 21 The diameter of a circle is 9 in. Find the circonférence to the nearest tenth the sum of three consecutive numbers is 39. Find the value of the smallest number One card is selected at random from a deck of cards. Determine the probability of selecting a card that is less than 4 or a spade.