math

posted by .

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 -

    Interest = Principal * Rate * Time

  • math -

    2800

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Visual Basic 2008 Programming

    Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops. - When $1000 is deposited at 5 percent simple interest, the amount grows by $50 each year. When money is invented at 5 percent compound interest, …
  2. Math

    . Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. …
  3. Math

    Chris deposited $1,500 in a bank account for 2 years. The account earned $120.00 in simple interest. What simple interest rate did he receive?
  4. math

    8.Mary invested RM3000 in two accounts, some at 12% per annum and the rest at 8 percent per annum.Her total interest for one year was RM3200.how much was invested at each rate?
  5. math (SIMPLE INTEREST)

    1.find a)simple interest earned b) simple amount for the following investment i)RM20000 for 4 years 6 months at 11% per annum
  6. math (SIMPLE INTEREST)

    1.find a)simple interest earned b) simple amount for the following investment ii)RM15000 for 5 1/4 years 6 at 9 percent per annum
  7. maths

    If an amount of Rs 10,000/- is invested at a simple interest of 12% per annum, how much it will become at the end of 5 years ?
  8. simple interest

    Jimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays …
  9. math

    A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of Rs.3,600?
  10. math

    Mr. Mitchell deposited $40,000 in a bank and earned simple interest at 7% per anum for two years.calculate the amount he will receive at the end of the two year period

More Similar Questions