4 years ago

What is the interest due on $5,000 at 11% for 3 years?

2 answers:

6 0

Amount after 11 years = 5000(1 + 0.11)^3 = $6838.16

so interest is 1638.16 dollars

Maru [420]4 years ago

6 0

Simple interest is:
I=prt
Interest
Portion of money starting with
Rate
Time

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