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27 April, 06:41

I = prt Time = 3 years Interest Rate = 5% Principal = $7,430 Use the information to answer the question. How much interest is paid? $111.45 $1,114.50 $11,145 $111,450

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  1. 27 April, 09:36
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    I = prt

    p = 7430

    r = 5% ... turn to decimal = 0.05

    t = 3

    I = (7430) (0.05) (3)

    I = 1114.50 <===
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