1 For each amount given below, calculate the amount of interest paid/earned: a 1500 USD, simple interest of 6%, paid annually for ten years. b 32000 GBP, simple interest of 1.25%, paid for eight years.

1 For each amount given below, calculate the amount of interest paid/earned: a 1500 USD, simple interest of 6%, paid annually for ten years. b 32000 GBP, simple interest of 1.25%, paid for eight years.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...

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Question

How to calculate the amount of interest paid/earned?

1
For each amount given below,
calculate the amount of interest
paid/earned:
a 1500 USD, simple interest
of 6%, paid annually for
ten years.
b 32000 GBP, simple interest of
1.25%, paid for eight years.

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