SOLUTION: Please Help: Find the interest. Round to the nearest cent. $1980 at 15% for 5.5 years A) Interest = $726.00 B) Interest = $54.00 C) Interest = $163.35 D) Interest = $16

SOLUTION: Please Help: Find the interest. Round to the nearest cent. $1980 at 15% for 5.5 years A) Interest = $726.00 B) Interest = $54.00 C) Interest = $163.35 D) Interest = $16

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Question 201908: Please Help:
Find the interest. Round to the nearest cent.
$1980 at 15% for 5.5 years
A) Interest = $726.00
B) Interest = $54.00
C) Interest = $163.35
D) Interest = $1633.50

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
1980*.15=297*5.5=1633.50 (D)
find the interest per year times the number of years
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