Ask Question
27 November, 01:17

You invest 1000 in an account that pays simple interest of 6% for 30 years what. How much money will you have in 30 years

+1
Answers (2)
  1. 27 November, 01:55
    0
    A = P (1+rt)

    A = 1000 (1+.06x30) = 2800
  2. 27 November, 03:34
    0
    I=PRT

    Interest=Principal times Rate times Time

    principal=amount invested

    r=rate in decimal

    t=time in years

    so

    P=1000

    r=6$=0.06

    t=30yr

    I = (1000) (0.06) (30)

    I=1800 interest

    you will have 1000+1800 or $2800 in 30 years
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You invest 1000 in an account that pays simple interest of 6% for 30 years what. How much money will you have in 30 years ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers