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Popular 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

Solution steps

Translate the problem into an equation:

I = 100 \cdot 0.09 \cdot 2

Simplify

I = 100 \cdot 0.09 \cdot 2

Interest : 18

Popular Examples

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