phantomMath phantomMath

18-02-2021
Mathematics

contestada

Find the simple interest you are investing $200 with a 5.2% interest rate of 3 years

Respuesta :

18-02-2021

Answer:

Step-by-step explanation:

Simple interest is

I=Prt, where I= interest, P=principle (initial value), r=interest rate, t=time

I=200(0.052)3

I=$31.20

Answer Link

Advaith Advaith

18-02-2021

Answer:

3,120

Step-by-step explanation:

Simple Interest= PRT / 100

= 200*5.2*3

= 1,040*3

= 3,120

Hope it is useful

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