Answer:$4449.6.
Step-by-step explanation:
You deposit $2700 into a bank account paying 64.8% simple interest per year. You left the money in for 1 year. Find the interest earned and the amount at the end of those 1 year?
Result:
The interest is $1749.6 and the amount is $4449.6.
Explanation:
STEP 1: Find an interest by using the formula , where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.
In this examplee P = $2700, i = 64.8% and t = 1 years, so
STEP 2: Find an amount by using the formula .A =P+I
Since P = $2700 and I = $1749.6 we have
