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gavmur [86]
3 years ago
12

What is the simple interest earned on $3,672 at 4.5% for three years?

Mathematics
2 answers:
olasank [31]3 years ago
6 0

Answer: interest at the end of 3 years is $495.72

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 3 years

P = $3,672

R = 4.5%

Therefore

I = (3672 × 4.5 × 3)/100

I = 49572/100

I = 495.72

Fantom [35]3 years ago
5 0
It would be the first answer 459.72
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