SOLUTION: Use simple interest to find the ending balance, given the following values for principal, rate, and time. $57,300 at 14.8% for 3 years

SOLUTION: Use simple interest to find the ending balance, given the following values for principal, rate, and time. $57,300 at 14.8% for 3 years

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Question 1131730: Use simple interest to find the ending balance, given the following values for principal, rate, and time.
$57,300 at 14.8% for 3 years
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
P(1+rt)
57,300(1+(0.148*3)
Follow math rules: work from the inside out. First multiply 0.148*3, then add to 1, then multiply the sum times 57,300 to get your answer.
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