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Popular Word Problems >

a man invested R7500 at 9% simple interest for 3 years. calculate how much investments is worth at the end of the term

Solution

a man in v es t e d R 7500 a t 9% s im pl e in t eres t f or 3 ye a rs . c a l c u l a t e h o w m u c h in v es t m e n t s i s w or t h a t t h e e n d o f t h e t er m

Solution

Amount : 9525

Solution steps

Translate the problem into an equation:

A = 7500 (1 + 0.09 \cdot 3)

7500 (1 + 0.09 \cdot 3) = 9525

Amount : 9525

Popular Examples

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