If $10,000 is invested at a simple annual interest rate of 6 percent, what is th

游客2025-02-23 40

问题 If $10,000 is invested at a simple annual interest rate of 6 percent, what is the value of the investment after half a year?

选项

答案 $10,300

解析 According to the formula for simple interest, the value of the investment after 1/2 year is

=$10,000(1.03)= $10,300

转载请注明原文地址:https://www.tihaiku.com/zcyy/3969992.html

相关试题推荐

随机试题

最新回复(0)

Aliceearnsddollarsandhas/percentofwhatsheearnsdeductedfortaxes.Ho