10000 is invested for 6 years at an annual simple interest


Question: $10,000 is invested for 6 years at an annual simple interest rate of 16%.

(a) How much interest will be earned?

(b) What is the future value of the investment at the end of the 6 years?

Request for Solution File

Ask an Expert for Answer!!
Other Engineering: 10000 is invested for 6 years at an annual simple interest
Reference No:- TGS02577386

Expected delivery within 24 Hours