ethan5628
ethan5628 ethan5628
  • 19-10-2018
  • Mathematics
contestada

640,3%,2 year simple interest earned to the nearest cent for each principal interest rate and time

Respuesta :

BrainySophiee
BrainySophiee BrainySophiee
  • 19-10-2018
Simple interest = $38.4

Solutions
Simple interest, I = principal x rate x time
Principal = $640
Time = 2 years
Rate = 3% = 3/100 = 0.03
Remember, always divide your rate in percent by 100.
Don't forget to read the question and approximate correctly.
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