Answer:
Simple Interest (I) = Principle * Rate * Time
so I = PRT
P = $47300
R = 3% = 0.03
T = 4months = 0.33years
so
Assuming its per year after 4month
I = (47300)(0.03)(0.333333)
I = 472.999527
I = $473
Now we'd add the interest(I) to the Principle
$47300 + $473 = $47773.00
Assuming it is per month, after 4months
I = PRT
I = (47300)(0.03)(4)
I = $5676.00
Now add the interest to the principle
$47300 + $5676 = $52976.00
Step-by-step explanation:
there you go hope this help
Answer:
False?
Step-by-step explanation:
I'm pretty sure it's false because wouldn't it simplify to 5y? Sorry if I'm wrong. :)
Answer:
true, refer to picture for more understanding :)
