Calculate the following interest : 15% of $70 for 7 years

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Calculate the following interest : 15% of $70 for 7 years

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Dulcie 5 years 2021-08-17T13:00:01+00:00 1 Answers 18 views 0

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  1. bonexptip
    0
    2021-08-17T13:01:26+00:00
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    After investing for 7 years at 15% interest, your $70 investment will have grown to $186.20

    explanation:
    You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.

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