SOLUTION: Robert deposited $2,300 into an empty bank account at an interest rate of 3.25% per year.
How much simple interest will Robert earn after 4 years?
a $707.69
b $299.00
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Question 938820: Robert deposited $2,300 into an empty bank account at an interest rate of 3.25% per year.
How much simple interest will Robert earn after 4 years?
a $707.69
b $299.00
c $313.89
d $74.75
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
I = 2300(.0325)(4) = $299
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