#help me in this simple interest question

10 messages · Page 1 of 1 (latest)

supple glacier
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A certain amount of money is invested at 25% interest rate. What will the amount be after 8 years?

How do I find amount

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sleek blaze
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Can you create a function modeling that interest rate?

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@supple glacier

supple glacier
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Function modeling?

sleek blaze
slender lance
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Then just 25% multiplied by the money invested then multiply the number of years then add to you're money invested to the product.

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Um I'll give you an example.
$1000x25%=$250 then $250x8 (years)=$2000 now finally $1,000+$2,000=$3,000.

lean tapirBOT
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CANETHEMAN
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