jackfooman3901 jackfooman3901

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Mathematics

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Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn?A. $285

Answer :

micaiahkeintz micaiahkeintz

Today at 8:15 AM

Simple interest = principal x interest (in decimal form) x time
I = (9200)(0.03)(7) = $1932

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marioarzeta10 marioarzeta10

Today at 8:15 AM

Answer:

$1932 -_- APEX

Step-by-step explanation:

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