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Popular Word Problems >

Sarah invested 150 at 8% simple interest. What is the total amount of money after 3 years?

Solution

S a r ah in v es t e d 150 a t 8% s im pl e in t eres t . Wha t i s t h e t o t a l am o u n t o f m o n ey a f t er 3 ye a rs ?

Solution

Amount : 186

Solution steps

Translate the problem into an equation:

A = 150 (1 + 0.08 \cdot 3)

150 (1 + 0.08 \cdot 3) = 186

Amount : 186

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