NerdKid4ever
Answered

Help no guessing please explain how to solve


Julie earned simple interest on $8250 with an annual interest rate of 3.9% for 7 years. How much did she earn in interest? Round your answer to the nearest cent.


simple interest: I = P • r • t


Answer_______

Verified Answer :

Amondin

We meet again.  I see you are asking about another similar equation, and I will give you the same response I did last time.  You simply plug the values into the equation in solve, so it would look like this:
I=8,250.0397.
And you can do the rest.  I hope this was helpful, have a nice day! :)

apologiabiology

ok so easy

I=PRT
t=time=7
r=rate3.9%=0.039
p=principal=8250

I=8250 times 0.039 times 7
I=8250 times 0.273
I=2252.25

$2252.25

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