Camari4 Camari4

16-11-2018
Mathematics

contestada

calculate the amount of interest on $8700.00 when earning 3.25% per year for three years.

Respuesta :

sqdancefan sqdancefan

07-09-2020

Answer:

$848.25

Step-by-step explanation:

Assuming simple interest, the formula is ...

I = Prt

for principal P, invested at rate r for t years.

I = $8700·0.0325·3 = $848.25

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