Algebra 2

posted by .

Suppose you got $5000 from family at your high school graduation. You decide to invest it for 30 years. If you invest it at 8% in a simple interest bond, how much is it worth after 30 years?

  • Algebra 2 -

    I = PRT

    I = 5,000 * 30 * 0.08

    I = 12,000

    5,000 + 12,000 = ?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. algebra

    suppose you invest 17000 at an annual interest rate of 3.9% compounded continuously?
  2. precal -checking answers

    Suppose Joan has $5,000 to invest. The banks are offering 3.10% interest. Bank A compounds interest continuously, while Bank B compounds interest semiannually. Answer these questions regarding which bank Joan should invest her money …
  3. Algebra: Simple Interest

    Problem: Geoff has $5000 to invest. He wants to earn $568 in interest in one year. He will invest part of the money at 12% and the other part at 10%. How will he invest. +I already know how to do Simplest Interest, I just can't read …
  4. Algebra

    Suppose you invest $5000 at an annual rate of 4% compounded continuously how much will be in the account after 5 years?
  5. Algebra 2

    Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 15 years?
  6. Algebra

    suppose you invest $1100 at an annual interest rate of 4.3% compounded continuously. How much will you have in the account after 15 years?
  7. math

    if I invest $5000.00 in an account earning simple interest After 6 years the balance is $6,200. What is the interest rate
  8. Precalc

    suppose you want to invest $60,000 for ten years. You can invest your money in a CD that earns 4% interest, compounded quarterly and has no risk, or you can invest your money in futures that ear 10% interest, compounded quarterly. …
  9. College Statistics

    How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years?
  10. Savings

    A. How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years?

More Similar Questions