dollydareaN dollydareaN

08-05-2016
Mathematics

Answered

What is the simple interest earned on $7550 at a 3.9% interest rate for 6 years? Round your answer to the nearest cent.

Simple Interest

I = p • r • t

Verified Answer :

TheHealingHealer TheHealingHealer

12-05-2016

I'm going to assume the rate, 3.9%, is for one year.

7550 3.9 6 = $176, 670 is the simple interest earned in 6 years with a rate of 3.9% per year.

Since you have the formula, why don't you do it yourself?

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