3 years ago

13) What is the simple interest and total amount earned on $4345 with an interest rate of

Mathematics

1 answer:

Annette [7]3 years ago

6 0

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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