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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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Mathematics
3 years
2021-08-18T15:44:49+00:00
2021-08-18T15:44:49+00:00 1 Answers
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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: