lykitadarling lykitadarling
  • 01-03-2019
  • Mathematics
contestada

How much simple interest is earned on $4,558.35 at an interest rate of 3.2% in 9 years?

Respuesta :

jamuuj jamuuj
  • 01-03-2019

Answer:

=$ 1,312.80

Step-by-step explanation:

Simple interest is given by the formula  PRT/100

Where P is the principal amount, R is the interest rate and T is the interest period in years.

= ($ 4,558.35 × 3.2 ×9)/100

=$ 1,312.80

Answer Link
ckauffman6177oun19j ckauffman6177oun19j
  • 01-03-2019

1,312.80 would be your answer. The formula used to solve this would be I=PRT where p represents your starting amount deposited and r is your rate of interest and t is your time in years
Answer Link

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