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Anonymous Anonymous
  • 08-02-2017
  • Mathematics
Answered

An account earns simple interest. (a) Find the interest earned. (b) Find the balance of the account.

  1. $2600 at 3.2% for 4 years

Interest

balance

  1. $7500 at 8.5% for 3 months

interest

balance

Verified Answer :

marypoppins551 marypoppins551
  • 17-02-2017
  1. The interest would be $332.80 and the balance of the account would be $2,932.80.

    2. The interest would be $1,912.50 and the balance of the account would be $9,412.50
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