A man invests \( R 7500 \) at \( 9 \% \) simple interest for 3 yoars Calculato how much inventmand worth at the end of the term.

To calculate the total amount at the end of the investment term, you can use the simple interest formula: \[ \text{Total Amount} = \text{Principal} + \text{Interest} \] First, find the interest earned: \[ \text{Interest} = \text{Principal} \times \frac{\text{Rate}}{100} \times \text{Time} \] In this case: \[ \text{Interest} = 7500 \times \frac{9}{100} \times 3 = R 2025 \] Now, add the interest to the principal: \[ \text{Total Amount} = 7500 + 2025 = R 9525 \] So, at the end of the 3 years, the investment will be worth R 9525. To make the most of your investments, it’s crucial to distinguish between simple interest and compound interest. With simple interest, your earnings are based solely on the initial principal. In contrast, compound interest can lead to significantly higher returns over time since you earn interest on both your initial investment and on accumulated interest. Make sure to choose the right method based on your financial goals! If you're considering investing your money, think about diversifying your portfolio. Rather than putting all your funds into one type of investment (in this case, just simple interest), consider a mix that includes stocks, bonds, or index funds. This approach can help mitigate risk and potentially enhance your returns in the long run. Don't forget to regularly review your investments!