SOLUTION: Find the amount of simple interest on an investment of $3,100 for 2 and a half years at an annual rate of 4 3/4%. Round to the nearest cent
Algebra.Com
Question 460294: Find the amount of simple interest on an investment of $3,100 for 2 and a half years at an annual rate of 4 3/4%. Round to the nearest cent
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=3100*0.0475*2.5
I=$368.13
RELATED QUESTIONS
Susan invests R45 000 at a simple interest rate of 6% per year. Two years later, she adds (answered by )
The amount of an investment of P dollars for t years at simple interest rate r is given... (answered by jim_thompson5910)
Find the simple interest on a $1200 investment made for 2 years at an interest rate of... (answered by stanbon)
96.) Amount of an investment. The amount of an investment of P dollars for T years at... (answered by elima)
96.) Amount of an investment. The amount of an investment of P dollars for T years at... (answered by elima)
Amount of an investment. The amount of an investment of P dollars for t years at simple... (answered by Monarch)
Amount of an investment. The amount of an investment of P dollars for t years at simple... (answered by ankor@dixie-net.com)
Amount of an investment. The amount of an investment
of P dollars for t years at simple... (answered by stanbon)
Amount of an investment. The amount of an investment
of P dollars for t years at simple... (answered by nerdybill)