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16 September, 12:49

A 1,595 deposit for 10 years at a simple interest rate of 8%

Interest:

Total value:

+2
Answers (2)
  1. 16 September, 13:38
    0
    Answer:1276

    Step-by-step explanation:math
  2. 16 September, 15:58
    0
    Answer: interest = 1276

    Total value=2871

    Step-by-step explanation:

    Interest = principal * rate*time/100

    Let interest be I

    Principal be P

    Rate be R

    Time be T

    I=p*r*t/100

    P=1595

    R=8

    T=10

    Substitute for the values

    I=1595*8*10/100

    I=1276

    So Interest is 1276

    Total value at the end of 10yrs will be

    Principal + Interest

    =1276+1595

    =2871

    Total value=2871
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