Answer:
$4,500
Step-by-step explanation:
For simple interest,
I = prt,
where
I = interest
p = principal
r = annual interest rate
t = number of years
We have p = $5,000, r = 9% = 0.09; t = 1 year
I = $5,000 × 0.09 × 1
I = $450
Answer:
Package 3 has the lowest unit price.
Step-by-step explanation:
Hi there
I=prt
P principle 8000
R interest rate 0.095
T time 120/360
I interest earned?
I=8,000×0.095×(120÷360)
I=253.33
Hope it helps