contestada

David invested R1000, what would that money grow to in 18 months at 5.5% interest rate

Respuesta :

penfila11Pen
18 months = 1 and half year
                  = 1[tex] \frac{1}{2} [/tex] year

I = PRT
P for Principle Amount
R for Rate
T for Time in years

I = 1000 × 0.055 × 1.5 (5.5% = [tex] \frac{5.5}{100} [/tex] = 0.055)
  = R82.5

R1000 + R82.5 = R1082.5

Otras preguntas