Find the simple interest earned after 4 years on $700 at an interest rate of 5.5%.

Question

Find the simple interest earned after 4 years on $700 at an interest rate of 5.5%.

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Edana Edana 3 years 2021-08-18T15:44:49+00:00 1 Answers 8 views 0

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  1. King
    0
    2021-08-18T15:45:54+00:00
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    Answer:

    Hey there so this looks harder then it really is. All you need to do is this..

    700×5.5%= 38.50

    then times that by 4 to get your total over the 4 years.

    Simple interest=154

    Step-by-step explanation:

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