Question #63740
1 Answer
Mar 16, 2017
$7000.
Explanation:
Here your capital (p) = $5000, Time invested (T) = 8 Years and Rate of Interest (R) = 5% . We don't know total interest (I) = ?
As per SI, We know I = [PRT]/100. Put all above values, we get
So, total value of investment will be = $5000+$2000 = $7000.
