Trelly0024 Trelly0024

17-05-2017
Mathematics

contestada

what is the interest due on $5,000 at 11% for 3 years?

Respuesta :

Аноним Аноним

17-05-2017

Amount after 11 years = 5000(1 + 0.11)^3 = $6838.16

so interest is 1638.16 dollars

Answer Link

jbringler jbringler

17-05-2017

Simple interest is:
I=prt
Interest
Portion of money starting with
Rate
Time

Answer Link

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