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Subjects>Auto>Commercial Vehicles

How to receive 3000 for a vehicle over 10 years old?

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Anonymous

∙ 16y ago
Updated: 9/15/2023

invest $10,000 into it and i promise you will get $3000 out of it.

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Wiki User

∙ 16y ago
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What is the simple interest paid on 3000 pounds at 3.5 percent yearly after 5 years and how much if the interest was compounded showing work for both answers?

Simple interest of £3000 over 5 years: 3000*0.035*5 = £525 Compounded interest of £3000 over 5 years: 3000*(1.035)^5 -3000 = £563.06 rounded to the nearest penny


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