lisaslater50 lisaslater50
  • 20-09-2020
  • Mathematics
contestada

Find the simple interest earned after 4 years on $700 at an interest rate of 5.5%.

Respuesta :

NobleV
NobleV NobleV
  • 20-09-2020

Answer:

Hey there so this looks harder then it really is. All you need to do is this..

700x5.5%= 38.50

then times that by 4 to get your total over the 4 years.

Simple interest=154

Step-by-step explanation:

Answer Link

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