simple interest

What is the amount after 1 year on $315 invested at 7%, if interest is simple interest?

Multiply $315 by .07 to find the interest earned. Add this figure to $315 to find the total at the end of one year.

  1. 👍 0
  2. 👎 0
  3. 👁 66

Respond to this Question

First Name

Your Response

Similar Questions

  1. computer science

    When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a

    asked by James Starr on March 27, 2011
  2. Algebra

    A total of $7000 is invested in three accounts. Some was invested at 6%, some at 8%, and the rest at 9%. find the amount invested at each rate if the total interest for one year was $555 and the amount invested at 8% was three

    asked by Diego on December 4, 2014
  3. Math

    A sum of $7260 is invested at 11 1/4 % simple interest for one year. The amount, in dollars, that must be invested at 7 1/2% simple interest for one year to earn the same amount of interest?

    asked by Matthew on October 25, 2017
  4. algebra

    Larry Mitchel invested part of his $32,000 advance at 7% annual simple interest and the rest at 6% annual simple interest. If this total yearly interest from both accounts was $2,050, find the amount invested at each. The amount

    asked by lisa on August 27, 2014
  5. Last math problem help

    Mr. Jarvis invested a total of 10,437 in two savings accounts. One account earns 8% simple interest per year and the other earns 9% simple interest per year. Last year the two investments earned a total of $849.52 in interest.

    asked by Taylor on February 17, 2014
  6. Math

    An investment advisor invested a total of $12,000, part at 2.5% annual simple interest and part at 4% annual simple interest. The amount of interest earned for 1 year was $426. How much was invested at the 2.5% rate and how much

    asked by Alicia on June 23, 2009
  7. Algebra

    I invested $42,000 in three funds paying 5%, 7%, and 9% simple interest. The total annual interest from these investments was $2,600. The amount of money invested at 5% was $200 less than the amount invested at 7% and 9% combined.

    asked by Darrell on April 13, 2011
  8. math

    June has twice as much money invested at 5% simple annual interest as she does at 4 %. If her year income from the two investment is $315 how much does she have at each rate?

    asked by Julia on March 20, 2015
  9. word problem

    A person invests $7,500 part at 5% and the remainder at 4% simple interest. If the total interest at the end of the first year was $346.50, find the amount invested at 4%. Let x = amount invested at 5% Let (7500 - x) = amount

    asked by Dan on July 17, 2005
  10. algebra

    Dilbert invests a total of $14,000 in two accounts paying 9% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $1,350.00. A) Enter an equation that uses the

    asked by Tina on October 26, 2015

More Similar Questions