Question

create a simple interest problem and find out the time for investment in order to accumulate a fixed interest on the money​

Answer 1

Answer:

Simple interest is a method of calculating the interest that is charged on fixed deposits, savings accounts, and loans. It is calculated on the principal amount. Simple interest does not add any interest rate on the interest amount gathered on the principal amount.

Explanation:

hope it helps you

Answer 2

Answer:

Explanation:

Answer: Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods