2 years ago

An account earns simple interest. Find the simple interest earned with $200 principal at 3.9% for 4.5 years.

1 answer:

4 0

35.1

Interest = principal ($200) • rate (3.9/100 = 0.039) • time (4.5 yrs.)
I = $200 • 0.039 • 4.5
I = 7.8 • 4.5 = 35.1

Hope that helps!

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