3 years ago

7

Mathematics

1 answer:

levacccp [35]3 years ago

3 0

Answer:

Below in bold.

Step-by-step explanation:

You do not say if the interest is simple or compound.

Simple Interest: I = PRT/100

= (8600* 2.6 * 4)/ 100

= $894.40.

Compound Interest:- amount after 4 years

= 8600(1 + 0.026)^4

= $9529.89

So the compound interest

= 9529.89 - 8600

= $929.89.

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