# Question #63740

##### 1 Answer

Mar 16, 2017

$7000.

#### Explanation:

Here your capital (p) = $5000, Time invested (T) = 8 Years and Rate of Interest (R) = 5% . We don't know total interest (I) = ?

As per SI, We know I = [PRT]/100. Put all above values, we get

So, total value of investment will be = $5000+$2000 = $7000.