Homework Help: math

Posted by Lindsay on Monday, November 12, 2012 at 9:02am.

1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will receive at the end of the 2 year period.

2. Find the simple interest on $15,000.00 invested for 4 years at 12% per annum.

math - Ms. Sue, Monday, November 12, 2012 at 11:31am
Interest = Principal * Rate * Time

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