Question

A 1,595 deposit for 10 years at a simple interest rate of 8%

Answer 1

Answer:1276

Step-by-step explanation:math

Answer 2

Answer: interest =1276

Total value=2871

Step-by-step explanation:

Interest= principal ×rate×time/100

Let interest be I

Principal be P

Rate be R

Time be T

I=p×r×t/100

P=1595

R=8

T=10

Substitute for the values

I=1595×8×10/100

I=1276

So Interest is 1276

Total value at the end of 10yrs will be

Principal +Interest

=1276+1595

=2871

Total value=2871