How much money will you have if you stared with $500 and put it in an account that earned 9.7% every year for 20 years?
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Principal=500$.
R= 9.7%.
T=20Years.
S.I.=(P*R*T)/100.
= (500*9.7*20/100.
= 97000/100.
=970.
So balance will be 500$+970$= 1470$.
Hope it helps.
R= 9.7%.
T=20Years.
S.I.=(P*R*T)/100.
= (500*9.7*20/100.
= 97000/100.
=970.
So balance will be 500$+970$= 1470$.
Hope it helps.
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