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Tasya [4]
3 years ago
13

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

Mathematics
2 answers:
g100num [7]3 years ago
6 0
Amount after 11 years = 5000(1 + 0.11)^3 =  $6838.16

so interest is 1638.16 dollars
Maru [420]3 years ago
6 0
Simple interest is:
I=prt
Interest
Portion of money starting with
Rate
Time
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