SOLUTION: What Is The Interest On $38,925.00 For One(1)Year At 5 1/2 Percent Interest?

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Question 184711: What Is The Interest On $38,925.00 For One(1)Year At 5 1/2 Percent Interest?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What Is The Interest On $38,925.00 For One(1)Year At 5 1/2 Percent Interest?
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I = Prt
I = 38925*0.055*1
I = $2,140.88
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Cheers,
Stan H.