alqaroonihussain12 alqaroonihussain12

15-05-2022
Mathematics

contestada

Help me please
Trina invests $ 16000 at a rate of 5% per year interest. Work out the value of her investment at the end of a year.

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aartimakhija2008 aartimakhija2008

15-05-2022

Answer:

$ 16800

Step-by-step explanation:

Simple Interest Value = Principal × Interest Rate × Time

0.05 × 16000 × 1 = $ 800

(Money invested + Interest = Total money in the account)

16000 + 800 = 16800

Trivia's Bank account will have $16800 at the end of one year.

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