judy borrow 600 from her friend and promises to pay it back in 3 years with the 4% interest rate. calculate the simple interest
1 answer:
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Answer: C
<u>Step-by-step explanation:</u>
∑ 8()⁽ⁿ⁻¹⁾ from n = 1 to n = 5
n = 1 → 8()⁽¹⁻¹⁾
= 8 =
n = 2 → 8()⁽²⁻¹⁾
= =
n = 3 → 8()⁽³⁻¹⁾
= =
n = 4 → 8()⁽⁴⁻¹⁾
= =
n = 5 → 8()⁽⁵⁻¹⁾
= =
Sum =
= 408.99