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If $10,000 is invested at a simple annual interest rate of 6 percent, what is the value of the investment after half a year?
If $10,000 is invested at a simple annual interest rate of 6 percent, what is the value of the investment after half a year?
admin
2018-12-14
61
问题
If $10,000 is invested at a simple annual interest rate of 6 percent, what is the value of the investment after half a year?
选项
答案
$10,300
解析
According to the formula for simple interest, the value of the investment after 1/2 year is
=$10,000(1.03)= $10,300
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