Scott ivests $500 for 7 years at a rate of 1.5 precent per year simple

1.	Scott ivests $500 for 7 years at a rate of 1.5 precent per year simple interest.Calculate the value of his investment at the end of 7 years
Answer» *VALUE* OF *INVESTMENT* AT *END* OF 7 *YEARS* IS AS *FOLLOWS: Step-by-step EXPLANATION:* *THIS* IS *NOTHING* *BUT* *ONLY* *S.I* SO, *S.I=P×R×T/100 GIVEN,, P=500 DOLLAR* R=*1.5* T=7 *YRS* SO, *37,780.02 Indian Rupee* is 500 *dollar* *THEREFORE* *S.I= 37,780.02×1.5×7/100 BY SOLVING* *YOU* *WILL* *GAIN* *ANS-3,966.9021* THEREFORE THIS IS SIMPLE INTEREST**

Scott ivests $500 for 7 years at a rate of 1.5 precent per year simple interest.Calculate the value of his investment at the end of 7 years

Answer»

VALUE OF INVESTMENT AT END OF 7 YEARS IS AS FOLLOWS:

Step-by-step EXPLANATION:

THIS IS NOTHING BUT ONLY S.I SO,

S.I=P×R×T/100

GIVEN,, P=500 DOLLAR

R=1.5

T=7 YRS

SO, 37,780.02 Indian Rupee is 500 dollar

THEREFORE S.I= 37,780.02×1.5×7/100

BY SOLVING YOU WILL GAIN ANS-3,966.9021

THEREFORE THIS IS SIMPLE INTEREST

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Scott ivests $500 for 7 years at a rate of 1.5 precent per year simple interest.Calculate the value of his investment at the end of 7 years ​

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Scott ivests $500 for 7 years at a rate of 1.5 precent per year simple interest.Calculate the value of his investment at the end of 7 years