adivaprincess17 adivaprincess17
  • 17-04-2018
  • Mathematics
contestada

investment of 1000 at 16% interest rate for 20 years

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itsai7376p74zuj
itsai7376p74zuj itsai7376p74zuj
  • 17-04-2018
This might be wrong but, 320.

I used the formula for simple interest which is I=Prt, thus giving me this:

I = 1000 (.016) (20)

Hope this helps at all!
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