If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1,083.60, how much

Question

koban [17]

3 years ago

13

If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1,083.60, how much

was the interest?

Mathematics

1 answer:

Contact [7] · Answer 1 · 2022-02-02T19:59:45+03:00

Contact [7]3 years ago

3 0

The interest is $453.60.

The total amount includes principal + interest. The principal was 630 and the total amount was 1083.60.
1083.60 - 630 = 453.60.