Question

Scott ivests $500 for 7 years at a rate of 1.5 precent per year simple interest.
Calculate the value of his investment at the end of 7 years ​

Answer 1

VALUE OF INVESTMENT AT END OF 7 YEARS IS AS FOLLOWS:

Step-by-step explanation:

THIS IS NOTHING BUT ONLY S.I SO,

S.I=P×R×T/100

GIVEN,, P=500 DOLLAR

R=1.5

T=7 YRS

SO, 37,780.02 Indian Rupee is 500 dollar

THEREFORE S.I= 37,780.02×1.5×7/100

BY SOLVING YOU WILL GAIN ANS-3,966.9021

THEREFORE THIS IS SIMPLE INTEREST

Answer 2

Answer:

amount after adding Si is 552 $