13) What is the simple interest and total amount earned on $4345 with an interest rate of
1 answer:
Answer:
173.80 interest, 4518.80 total
Step-by-step explanation:
4345 X .03(3%)=130.35/year
130.35/12=10.8625/month
10.8625 x 16 months = 173.80 interest over 16 months
4345+173.80=4518.80 total amount
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