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belka [17]
3 years ago
9

Sharla invests $275 in a simple interest bearing account for 16 years. The annual interest rate is 8%. Using the simple

Mathematics
2 answers:
lisov135 [29]3 years ago
6 0

Answer:

352

Step-by-step explanation:

I = PRT  where P is the principle, I is the interest rate, T is the time

I = 275 ( .08) ( 16)

I = 352

Sunny_sXe [5.5K]3 years ago
6 0

Answer:

The interest is 352

Step-by-step explanation:

\sf{}

=> I = P×R×T .

=> I = 275 × 0.08×16

=> I = 352

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