Online Program
John deposits $2,000 in a bank A, at the rate of interest 8% p.a. for 3 years. Karen deposits $1,000, in another bank B, for 5 years. Both of them get the same amount of simple interest. Find the rate of interest given by the bank B? Enter your answer in the decimal format in the box.
Graph of simple interest versus time for a fixed principal and fixed rate of interest is ____?
Let total amount A = Principal + simple interest. How does A depend on rate of interest (r) for a fixed principal and fixed time. Choose the correct answers from the drop down menu.
A is a/an function of r
Incomplete AnswerYou have not completed your question. Please complete it to measure your learning proficiency.
