Question

answer these questions please

A: $800 deposited over 10 years with a 2% interest rate. What is the Interest and what is the total value

B $500 deposited over 20 years with a 5% interest rate. What is the interest and what is the total value

C $3500 borrowed over 5 years with an interest rate of 4%.What is the interest and what is the total value

D $1500 borrowed for over 4 years with an interest rate of 10%. What is the interest and what is the total value

E $2000 deposited for over 15 years with an interest rate of 3%.What is the interest and what is the total value

Answer 1

A) principal =$800
Time=10 years
Rate=2%
Simple interest =P*R*T/100
800*10*2/100=160
Amount=principal+simple interest
=800+160=960
B principal=500
Time=20 years
Rate=5%
Simple interest=P*R*T/100
=500*20*5/100
=500
Amount=principal+simple interest
=500+500=1000
C principal=3500
Time=5 years
Rate=4%
Simple interest = P*R*T/100
=3500*5*4/100
=700
Amount=principal+simple interest
=3500+700
=4200
D principal=1500
Time=4 years
Rate=10 years
Simple interest=P*R*T/100
=1500*4*10/100
=600
Amount=principal+simple interest
=1500+600
=2100
E principal=2000
Time=15 years
Rate=3%
Simple interest=P*R*T/100
=2000*15*3/100=900
Amount=principal+simple interest
=2000+900
=2900