Math of investment

Accumulate 30,000 from january 31 to september 20,2000 at 7% simple interest. ..pls give me a solution.. Thanks..

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Answer #1

do you mean you start with 30 000?

Then the solution is.

30 000 X 7% interest for the whole year X 9/12 months (or you can use days) = 1575 interest.

Thus your capital amount will be 31575

Answer #2

You love your homework so much you asked a question about it in love and relationships?

Oh, and just put 30,007

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