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Morgan invested $12 000 for 2 years at a simples rate of 10%

a) How much intrest will Morgan
b) How much money will Morgan have at maturity

2) For how long must $4000 be invested at 6.25% simple intrest to earn $875

2007-01-24 23:19:40 · 2 answers · asked by kozaska 1 in Business & Finance Personal Finance

2 answers

a.) $2,520
b.) $14,520

2.)3.5 years

2007-01-24 23:29:18 · answer #1 · answered by fade_this_rally 7 · 1 0

42

2007-01-25 07:23:55 · answer #2 · answered by Smiddy 5 · 0 1

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