Paula invests 10,000 for 5 years at an interest rate of 10% per year. If the interest is simple interest, how much is her investment worth at the end of those five years?
help me please
thank you in advance
Principal + Simple Interest =
10000 + 10000 ( interest rate) ( time in years) =
10000 + 10000(.10)(5) =
10000 + 5000 =
$`15000 after five years
Thank you for the fast responce. THX
