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alekssr [168]
3 years ago
9

Trevor Williams’ bank calculates interest daily. At an APR of 3%, how much simple interest does $2,000 earn in twelve days?

Business
2 answers:
Oxana [17]3 years ago
8 0

To calculate Trevors' interest amount in twelve days use the following formula

Prt = I

Principal = $2,000

Rate = 0.03

Time = 12/365

Interest = ?

($2,000)(0.03)(12/365) = I

I = $1.97

pishuonlain [190]3 years ago
6 0
The answer is $1.97. 

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aleksandr82 [10.1K]

Answer:

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3 0
3 years ago
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Answer:

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