logo for solving-math-problems.com
leftimage for solving-math-problems.com

5% simple interest per annum for “t” years

by Vaishnavi Jalal
(Haldwani Nanital)











































Simple Interest

If “x” rupees earns 5% simple interest per annum for “t” years, what will the total value of the investment be at the end of “t” years?

Comments for 5% simple interest per annum for “t” years

Click here to add your own comments

Oct 19, 2012
Simple Interest
by: Staff



Answer


simple annual interest

interest = x * i * t

x = initial investment

i = 0.05 (5% ÷ 100 = 0.05)

t = number of years

interest = x * .05 * t

interest = 0.05xt

Interest earned of the “t” year term = 0.05xt Rupees

Money on deposit at the end of “t” years = x + 0.05xt Rupees





Thanks for writing.

Staff
www.solving-math-problems.com


Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Math Questions & Comments - 01.



Copyright © 2008-2015. All rights reserved. Solving-Math-Problems.com