Compound Interest Worksheet
Simple Interest Compound Interest Worksheet. Find the simple interest for 2 years on $2000 at 6% per year. Final value of the investment :
Web formula for simple interest is. Find the simple interest for 2 years on $2000 at 6% per year. In simple interest, a sum of money doubles. A = p + i = 20000. Final value of the investment : = 20000 ⋅ 5 ⋅ 0.05 = 5000.
A = p + i = 20000. Find the simple interest for 2 years on $2000 at 6% per year. A = p + i = 20000. = 20000 ⋅ 5 ⋅ 0.05 = 5000. In simple interest, a sum of money doubles. Final value of the investment : Web formula for simple interest is.
