Question

Compute the amount of interest earned in the following simple interest problem.

Answer 1

Answer:

Step-by-step explanation:

P = $295

r =7%

t = 270 days = 270/365

Interest = Prt

$=295*\frac{7}{100}*\frac{270}{365}\\\\= 15.28$

= $ 15.28

Amount  = 295 + 15.28

Amount = $310.28