SOLUTION: The rate of interest on a savings account is 7%. What is the simple interest for three ​years of $352?
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Question 1120827: The rate of interest on a savings account is 7%. What is the simple interest for three years of $352?
Found 2 solutions by josmiceli, Alan3354:
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
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The simple interest is $73.92
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
The rate of interest on a savings account is 7%. What is the simple interest for three years of $352?
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If it's 3 years, it's 21% of $352.
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