Accountancy, asked by takamoimoivalu98, 10 hours ago

If Sheila wants to earn 10% annual simple interest on an investment , how much should she invest today so that its value is worth $20,000 in 15 months?

Answers

Answered by geetkappur

1

Explanation:

SI = P*R*T/100

20000 = P * 10 * 15/(12*100)

P = (12*100*20000)/(10*15)

P = (4*20*2000) = 80*2000 = $160,000

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