Answer:
$448
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year,
then, solving our equation
I = 3200 × 0.07 × 2 = 448
I = $ 448.00
USE THE EQUATION Interest= Principal x rate x time
5’3 is 63 inches since her brother is 1/3 larger so 63/3= 21 inches
Part A. Riley and Louie each have $5,000 to invest. They both invest at a 2.5% simple interest rate.
Part B. Riley keeps her money invested for 7 years. How much interest will she earn?
Part C.After those 7 years how much will her investment be worth?