What is the simple interest earned on $7550 at a 3.9% interest rate for 6 years? Round your answer to the nearest cent.

1 answer:

4 0

I'm going to assume the rate, 3.9%, is for one year.

7550 * 3.9 * 6 = $176, 670 is the simple interest earned in 6 years with a rate of 3.9% per year.

Since you have the formula, why don't you do it yourself?

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Step-by-step explanation:

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