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
$1200
$4000 x .06 = $240 x 5 years = $1200
The answer is A!
Step-by-step explanation: I’m pretty sure it’s A! Unfortunately I haven’t seen this question on any of my tests but I’m pretty sure It is A! Trust me!
I have to get the answer above hope it helps
