duncanje5619 duncanje5619

21-01-2021
Mathematics

contestada

If we invest $14000, at 8% simple interest, how much will we have saved in 11 years?

Respuesta :

ewomazinoade ewomazinoade

23-01-2021

Answer:

$26,320

Step-by-step explanation:

total amount saved = principal + interest

Simple Interest = principal x interest x time

$14,000 x 0.08 x 11 = $12,320

Total amount saved = $12,320 + $14,000 = $26,320

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