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Popular Word Problems >

Determine the simple interest earned on 10,000after 20 years if the APR is 10%.

Solución

De t er min e t h e s im pl e in t eres t e a r n e d o n 10, 000 a f t er 20 ye a rs i f t h e A PR i s 10%.

Solución

Interest : 20000

Pasos de solución

Translate the problem into an equation:

I = 10000 \cdot 0.1 \cdot 20

Simplificar

I = 10000 \cdot 0.1 \cdot 20

Interest : 20000

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